Equipment Finance

Compare our Equipment Finance options

Equipment Loan

Overview

You own the equipment and Rural Bank provides a loan secured against the equipment.

You own the equipment from the start

Yes

You own from the equipment from the end

Yes

Deposit allowed

Yes

Minimum amount

$20,000

Term

2 to 5 years

Fixed rentals/repayments

Yes

Residual/balloon payment

Balloon payment optional

Repayment frequency

Can be tailored to suit your cash flow (monthly, quarterly, half yearly, seasonally or annually)

Tax deductibility

Depreciation on equipment, interest payable and rental payments may be tax deductible.*

Asset Purchase

Overview

Rural Bank purchases the equipment and you buy it from us in instalments.

You own the equipment from the start

You own from the equipment from the end

Yes

Deposit allowed

Yes

Minimum amount

$20,000

Term

2 to 5 years

Fixed rentals/repayments

Yes

Residual/balloon payment

Balloon payment optional

Repayment frequency

Can be tailored to suit your cash flow (monthly, quarterly, half yearly, seasonally or annually)

Tax deductibility

Depreciation on equipment, interest payable and rental payments may be tax deductible.*

Finance Lease

Overview

Rural Bank purchases the equipment and then leases it to you for an agreed period.

You own the equipment from the start

You own from the equipment from the end

Deposit allowed

Minimum amount

$20,000

Term

2 to 5 years

Fixed rentals/repayments

Yes

Residual/balloon payment

Repayment frequency

Can be tailored to suit your cash flow (monthly, quarterly, half yearly, seasonally or annually)

Tax deductibility

Depreciation on equipment, interest payable and rental payments may be tax deductible.*

*Speak to your taxation advisor for further information about potential tax benefits and selecting the right equipment finance option.

Equipment Finance

Equipment Loan

Asset Purchase

Finance Lease

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