Chattel mortgage vs hire purchase
Both fund an asset, but ownership, GST treatment and balance-sheet impact differ. Talk to your accountant about which suits your structure.
Guides
Finance guides
Plain-English explainers on how business and asset finance actually works in Australia.
What a balloon really costs
A balloon lowers your repayment but leaves a lump sum at the end, and you pay interest on that amount for the whole term. Lower monthly cost usually means higher total cost.
Documents lenders ask for
Typically ID, ABN/GST details, recent bank statements, and for full-doc applications, financials and tax returns. Having these ready shortens the process considerably.
Comparison rate vs advertised rate
The advertised rate is interest only. The comparison rate folds in prescribed fees, which is why two loans at the same rate can cost different amounts.