What are current machinery finance rates in Australia?

Machinery finance rates in Australia currently range from around 6.1% to 15%+ per annum. Established businesses buying new machines from major brands with clean credit attract rates from 6.1%. Rates for used machinery, new ABNs or specialist assets are typically higher. By comparing 80+ lenders we find the sharpest rate for your specific machine and profile. Contact us for a free rate comparison with no impact on your credit.

Do I need insurance to finance machinery?

Yes. Most lenders require proof of comprehensive insurance before settlement. We recommend arranging it in advance so it doesn't delay your finance — and if you need cover, we can arrange insurance for you as part of the process.

What types of machinery can you finance?

We finance excavators, bulldozers, cranes, skid steers, loaders, graders, tractors, harvesters, backhoes, telehandlers, pavers, scrapers and all other construction, agricultural and mining equipment — new or used.

Can I get machinery finance with low documentation?

Yes. For loans up to $500k, low doc machinery finance is available with just your ABN, driver's licence and recent bank statements. No BAS, no tax returns, no financials required.

What is chattel mortgage for machinery?

A chattel mortgage is the most common finance structure for business machinery. You own the asset immediately while the lender holds a charge over it as security. It offers GST input tax credit benefits and potential tax deductions on depreciation and interest.

Can I finance used or second-hand machinery?

Yes. We finance used machinery with no age restrictions on most assets. We arrange finance for machines purchased from dealers, private sellers, and auction houses across Australia.

How long does machinery finance approval take?

Most machinery finance applications receive a decision within 24–48 hours. Once pre-approved, you have 90 days to find your machine and complete the purchase.

Do I need a deposit for machinery finance?

Not always. Zero-deposit machinery finance is available for eligible businesses. Some lenders require a small deposit for high-value or older assets. We'll tell you exactly what's needed upfront.

How much does it cost to use Overdrive Funding?

Nothing. Our service is 100% free to use — we're paid a referral fee by the lender once your finance settles, with no hidden fees or outsourced support.

How quickly can I get approved?

Most applications are approved within 24-48 hours, and approvals are valid for 90 days, giving you time to find the right asset or finalise your purchase.

Will applying affect my credit score?

Submitting an enquiry does not lock you into finance or impact your credit profile. We only proceed to a formal application with your approval.

Do I need to own property to qualify?

No. We have solutions for non property owners, as well as established businesses, start-ups, sole operators and new ABNs.

Can you help if I have a poor credit history?

Yes. We compare 80+ lenders to find solutions suited to a range of credit profiles, including those who may not qualify through a traditional bank.

What can I use the finance for?

Everything from trucks, trailers, machinery and equipment through to business loans, invoice finance, tax debt, commercial property and business purchases.

Lowest Rates in Australia

Trusted by 10,000+ Businesses

Machinery Finance

Name: Overdrive Commercial Funding
Address: 54 Miller St, North Sydney, NSW, 2060, AU
Telephone: +61417000316
Price range: Free
Rating: 5

Australia's home of low-rate machinery finance for ABN holders, businesses and owner-operators. We compare the market, negotiate the best deal and manage everything from application to settlement for a hassle-free experience.

Bank rates without the queue

One application, multiple options

Approved in 24–48 hours, valid for 90 days

$0 down, no additional security and no financial options

Loans for all credit profiles and ABN lengths

100% free service — no hidden fees or costs, ever

0417 000 316

Read our Google Reviews

·Recently Funded Deals

Free No-Obligation Quote

Compare options with 80+ lenders. No credit impact.

Every enquiry lands directly with Simon, Director.

Contact

Business

Asset

Final

First Name*

Last Name*

Mobile*

Email Address*

Business Name / ABN*

Machinery Required*

New or Used?*

Sale Type*

Finance Amount Required*

Deposit Available?

Credit History*

State*

Submitting this form does not lock you into finance. No credit check at this point.

Low doc (no financials) up to $500k Funding From $20k-$10m+ 80+ Lenders Compared No Long Forms Or Paperwork

95%

Approval Success Rate

$380M+

Total Volume Funded

Hour Decisions

Cost To Use Our Service

Low-Rate Machinery Finance Australia

Looking for the lowest rate on machinery finance and loans? We're known for delivering cheaper rates and repayments than banks and dealerships - for ABN holders, owner-operators, self-employed, sole traders, tradies, companies, start-ups and established businesses across construction, earthmoving, agriculture, forestry, mining, manufacturing, transport, logistics, waste management, landscaping, civil works and everything in between.

With access to more than 80 banks and specialist lenders, we compare the market to secure the most competitive rates, repayments and loan terms available. We offer flexible repayments, balloon payment options and early payout flexibility, and also assist with post-settlement administration, including existing finance payouts and related documentation.

Most clients are surprised by how much lower our rates and repayments are compared to financing through a dealership, bank or another broker. If you've been quoted elsewhere, send us the quote and we'll review it free of charge to see if we can beat it.

We arrange finance for excavators, bulldozers (dozers), graders, rollers, loaders, telehandlers, concrete pumps, cranes, forklifts, skid steers, tractors, pavers, trenchers, rollers, mining, forestry & farm equipment and all other heavy plant - new, used and demos purchased through dealerships, private sellers and auctions.

Low-doc (no financials) machinery finance up to $500,000 and no deposit machinery finance is available for eligible applicants.

Get in touch with Simon for a free, no-obligation quote and discover how much you could save on machinery finance.

Machinery We Finance

We arrange finance for all new and used machinery:

Excavators
Mini Excavators
Skid Steer Loaders
Track Loaders
Wheel Loaders
Backhoe Loaders
Bulldozers
Graders
Rollers
Compactors
Scrapers
Trenchers
Telehandlers
Forklifts
Reach Stackers
Material Handlers
Tower & Mobile Cranes
Drilling Rigs
Piling Equipment
Screening Plants
Crushing Plants
Conveyors
Generators
Lighting Towers
Water Carts
Sweepers
Asphalt Pavers
Concrete Pumps
Concrete Agitators
CNC Machines
Farm Machinery
Tractors
Harvesters
Sprayers
Seeders
Mulchers
Forestry Equipment
Mining Equipment
Scissor & Boom Lifts
Chippers and Grinders
Rock Breakers
Directional Drills

Range Of Solutions

We provide custom solutions to support your business at every stage of growth:

No doc machinery finance
Low doc machinery finance
No deposit machinery finance
Bad credit machinery finance
Used machinery finance
Chattel mortgage
Machinery lease
Commercial hire purchase
Rent-to-own
Refinancing

Unbeatable Rates - Always Compare Before Signing

We're known for securing the cheapest machinery finance rates, consistently beating quotes from banks, dealerships, and other brokers. Through our free machinery loan comparison service, we'll compare any quote against our panel to secure you a lower rate with reduced repayments. Never rely on a verbal interest rate. Many brokers and dealer quote rates over the phone without disclosing all fees and charges, making finance appear cheaper than it really is. That's why it's essential to get your quote in writing to compare actual repayments, as they reveal the true cost of the loan. If you've received a quote, send it through for a free review. We'll break down the interest rate, repayments, fees, loan structure, and total cost, identify any hidden charges, and let you know if a better deal is available. A few minutes spent comparing finance options could save your business thousands over the life of the loan.

Get Pre-Approved Before You Buy

A machinery finance pre-approval gives you a real advantage when buying from a dealership, auction, or private seller. With finance already in place, you'll know exactly what you can afford and have greater negotiating power as a serious buyer. We'll confirm your borrowing capacity, interest rate, loan term, and estimated repayments upfront. With decisions available in as little as 24 hours and approvals valid for up to 90 days, you'll be ready to act when the right machinery comes along. Simply send us the invoice and we'll arrange settlement and release the funds.

Why Choose Us As Your Broker?

Free service with no upfront costs or hidden fees
One broker for the life of your business, no handovers
30+ years experience and industry knowledge
Australian family-owned and operated
We save every client hundreds to thousands of dollars
No wait times, direct access to Simon every time
We can beat bank, dealer and competitor quotes
We guarantee clear title transfer
We protect what matters—your credit score
We build trust by being honest and transparent
Established, new and 1 day ABNs
Expert and strategic negotiation approach
Solutions for various credit profiles
Tax benefits (asset depreciation)
24/7 support as we know business never stops

Can't Be Beaten On Price Or Service

Want the best deal on machinery finance? We're known for delivering low rates in all major cities and surrounding regional areas across NSW, VIC, QLD, WA, SA, TAS, ACT and NT.

Sydney

Melbourne

Perth

Brisbane

Gold Coast

Adelaide

Canberra

Darwin

Tasmania

Low Doc, Light Doc & Full Doc Machinery Finance

When applying for machinery finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of machinery you're purchasing.

Low Doc Machinery Finance

Financial Statements RequiredNo

BAS Statements RequiredNo

Business Bank StatementsNo

Approval SpeedFastest

Interest RatesHigher

Borrowing CapacityUp to $500k

Ideal OutcomeQuick approval with minimal paperwork

Light Doc Machinery Finance

Financial Statements RequiredNo

BAS Statements RequiredUsually

Business Bank StatementsYes

Approval SpeedFast

Interest RatesCompetitive

Borrowing CapacityUp to $500k

Ideal OutcomeBalance of flexibility and pricing

Full Doc Machinery Finance

Financial Statements RequiredYes

BAS Statements RequiredSometimes

Business Bank StatementsSometimes

Approval SpeedStandard

Interest RatesMost Competitive

Borrowing CapacityUp to $10m+

Ideal OutcomeBest pricing and maximum borrowing power

Feature	Low Doc Machinery Finance	Light Doc Machinery Finance	Full Doc Machinery Finance
Financial Statements Required	No	No	Yes
BAS Statements Required	No	Usually	Sometimes
Business Bank Statements	No	Yes	Sometimes
Approval Speed	Fastest	Fast	Standard
Interest Rates	Higher	Competitive	Most Competitive
Borrowing Capacity	Up to $500k	Up to $500k	Up to $10m+
Ideal Outcome	Quick approval with minimal paperwork	Balance of flexibility and pricing	Best pricing and maximum borrowing power

Which Option Is Right For You?

Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.

If You Are...	Recommended Option
Self-employed or businesses with limited financial records	Low Doc
Businesses with bank statements and BAS available	Light Doc
Businesses with full financials	Full Doc

Low Doc Machinery Finance

Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.

Light Doc Machinery Finance

Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.

Full Doc Machinery Finance

Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.

Compare Your Options

Why Businesses Choose Overdrive

See how going through Overdrive compares to a bank, a typical broker, or dealership finance.

WORKING WITH US

MULTIPLE LENDERS, ONE APPLICATION

GOING TO BANK

ONE RATE, ONE CREDIT POLICY

TYPICAL FINANCE BROKER

LIMITED PANEL, GENERALIST APPROACH

DEALERSHIP FINANCE

ONE OPTION, THEIR RATE

80+ lenders compared in one application

One lender, their own products only

A limited lender panel of 10-30 lenders

One or two finance partners, or a broker they refer you to

We deliver you 2-3 options to choose from

One product, full financials required

Gives you one option, tells you this is the best deal

One rate offered, take it or leave it

100% free — we don't charge any in-house service fees

Charges application/establishment fees and document fees

Typically charges a service fee at settlement

Cost built into an inflated price

Approvals often within 24-48 hours

Slow — weeks, through many hands

Varies, depends on their panel

Fast, but rate is often non-negotiable

Fast pre-approval valid for 90 days

Slow or no pre-approval before you buy

Available, panel-dependent

Tied to that one vehicle only

Specialist lenders for tougher credit profiles

Conservative — minimal policy exceptions

Some flexibility, panel-dependent

Prime borrowers only

One soft credit check while we quote

A hard enquiry on every direct application

Usually shops you around, making multiple enquiries

Hard credit enquiry without rate comparison

Independent — We work for our clients and on their time, no pushy sales or rush

Serves the bank, not you

Sales and volume-focused, not looking out for your best interest and pushing to sign contract

Serves the dealer's finance targets with pressure to sign on the spot

Direct access to Simon, the Director

No direct numbers, with rotating staff and call centres

High staff turnover — clients passed between brokers

A salesperson upselling finance

Available 7 days a week, including after hours

Business hours only

Business hours only with no weekend support

Showroom hours only

Older machines up to 25 years by end of term

Tightly capped asset age limits

Depends on their limited panel

New & near-new stock focus

Buy from any dealer, private seller or auction

Restrictions may apply

Usually dealer or private only

That dealership only

Full support through settlement & beyond

Little contact after settlement

Focuses on converting sales rather than long-term support

None after the sale

Working With Us

80+ lenders compared in one application

Going to Bank

One lender, their own products only

Typical Finance Broker

A limited lender panel of 10-30 lenders

Dealership Finance

One or two finance partners, or a broker they refer you to

Working With Us

We deliver you 2-3 options to choose from

Going to Bank

One product, full financials required

Typical Finance Broker

Gives you one option, tells you this is the best deal

Dealership Finance

One rate offered, take it or leave it

Working With Us

100% free — we don't charge any in-house service fees

Going to Bank

Charges application/establishment fees and document fees

Typical Finance Broker

Typically charges a service fee at settlement

Dealership Finance

Cost built into an inflated price

Working With Us

Approvals often within 24-48 hours

Going to Bank

Slow — weeks, through many hands

Typical Finance Broker

Varies, depends on their panel

Dealership Finance

Fast, but rate is often non-negotiable

Working With Us

Fast pre-approval valid for 90 days

Going to Bank

Slow or no pre-approval before you buy

Typical Finance Broker

Available, panel-dependent

Dealership Finance

Tied to that one vehicle only

Working With Us

Specialist lenders for tougher credit profiles

Going to Bank

Conservative — minimal policy exceptions

Typical Finance Broker

Some flexibility, panel-dependent

Dealership Finance

Prime borrowers only

Working With Us

One soft credit check while we quote

Going to Bank

A hard enquiry on every direct application

Typical Finance Broker

Usually shops you around, making multiple enquiries

Dealership Finance

Hard credit enquiry without rate comparison

Working With Us

Independent — We work for our clients and on their time, no pushy sales or rush

Going to Bank

Serves the bank, not you

Typical Finance Broker

Sales and volume-focused, not looking out for your best interest and pushing to sign contract

Dealership Finance

Serves the dealer's finance targets with pressure to sign on the spot

Working With Us

Direct access to Simon, the Director

Going to Bank

No direct numbers, with rotating staff and call centres

Typical Finance Broker

High staff turnover — clients passed between brokers

Dealership Finance

A salesperson upselling finance

Working With Us

Available 7 days a week, including after hours

Going to Bank

Business hours only

Typical Finance Broker

Business hours only with no weekend support

Dealership Finance

Showroom hours only

Working With Us

Older machines up to 25 years by end of term

Going to Bank

Tightly capped asset age limits

Typical Finance Broker

Depends on their limited panel

Dealership Finance

New & near-new stock focus

Working With Us

Buy from any dealer, private seller or auction

Going to Bank

Restrictions may apply

Typical Finance Broker

Usually dealer or private only

Dealership Finance

That dealership only

Working With Us

Full support through settlement & beyond

Going to Bank

Little contact after settlement

Typical Finance Broker

Focuses on converting sales rather than long-term support

Dealership Finance

None after the sale

Our Simple Process

01
Consult, Offer & Decide Together
Speak to one of our experts about your business needs, and we'll offer tailored finance options, ensuring we secure the best rates for your specific asset and situation. We'll go over terms and decide which is the best solution for you.
02
Conditional Approval
We conduct a soft-touch evaluation of your profile to match you with the right lender for pre-approval. Once you're pre-approved, you can shop confidently for 90 days. If you've found your machinery, we'll initiate the process and take care of all the admin.
03
Sign Documents and Get Funded
When the lender is prepared to settle, you'll receive the contract for your review and signature. After settlement, it's time to pick up your asset.
04
On-Going Support
Once your loan is completed, we'll support you with any related admin, such as payouts, statements, etc.

Call Now

Finance Options