How to use it
Enter the amount you want to finance, pick a term, and set an example rate. The calculator returns an indicative monthly repayment using a standard amortised loan formula. It's a planning tool for asset-secured finance — a chattel mortgage, lease or hire purchase — not a quote or an offer of credit.
What actually decides your rate
Equipment pricing varies more than vehicles. The rate a lender offers your business depends on:
- ✓ The lender and their current pricing
- ✓ The asset type, its age, and how specialised it is
- ✓ The finance structure (chattel mortgage, lease, hire purchase)
- ✓ The loan term, amount, and deposit or trade-in
- ✓ Your trading history, ABN, and credit profile
So the rate in the calculator is one you set, not a number we assert. A real broker reads your business and matches it to lenders who understand the asset.
Get your real options
Tell us what you're buying and an ALX broker will compare a panel of lenders — secured and unsecured — and come back with your real rate and comparison rate. About 60 seconds to start, no obligation.
Start my quote →Related: Equipment finance · Secured vs unsecured · Car loan calculator
Indicative only and not a quote or an offer of credit. Your actual rate, comparison rate, fees and repayments depend on the lender and a full assessment. General information only and not financial or tax advice — for any tax treatment, speak to your accountant. ALX Finance, Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd).