Equipment Loan Fixed
Finance a new or used equipment for your business.
Category: Business Loans Last Updated February 7, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED product. Additional Information
Interest Rate
6.49% PA
6.49% PA
Comparison Rate
0.00%PA*
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
, FIXED, 6.49%
- Lending Rate Type: Fixed
- Interest Rate: 6.49%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
, FIXED, 6.49%
- Lending Rate Type: Fixed
- Interest Rate: 6.49%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
, FIXED, 6.49%
- Lending Rate Type: Fixed
- Interest Rate: 6.49%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
, FIXED, 6.49%
- Lending Rate Type: Fixed
- Interest Rate: 6.49%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
Product Features
- Digital Banking
- Other Additional Information: Variable and fixed interest rate options available
- Other Additional Information: Available for new and used equipment
- Other Additional Information: Loan terms up to five years for new and used equipment
- Other Additional Information: Equipment used as security for the loan
- Other Additional Information: Equipment must be sourced from a licensed dealer/auctioneer
- Other Additional Information: Balloon final payment on fixed rate option for new equipment only
Product Eligibility
- Business
Bank Fees and Charges
- Application Fee (Upfront), Amount: 450.00.
- Capital Reduction Fee (Event), Amount: 75.00.
- Audit Certificate Fee (Event), Amount: 15.00.
- Heritage Online Business Internet Banking Security Token Fee (Event), Amount: 50.00. Additional Information: (including replacement tokens).
- Cash And Coin Handling Fee (deposits) (Variable), Amount: Not Listed.. Additional Information: If a cash deposit is made to your facility account at a Heritage branch or mini-branch of coins which have not been correctly bagged and counted. 2% of value.
- Overseas Cheque Deposit Fee (Event), Amount: 10.00. Additional Information: If a cheque in foreign currency is deposited to your facility account (note: Heritage does not always accept these deposits)
- Heritage Cheque Fee (Event), Amount: 10.00. Additional Information: For each cheque drawn by Heritage on itself which is issued from your facility account. $10.00 per cheque (including replacement cheques).
- Telegraphic Transfer Fee (Event), Amount: 30.00. Additional Information: If a telegraphic transfer is made from your facility account via RTGS within Australia
- Rtgs Deposit Fee (Event), Amount: 10.00. Additional Information: If a payment/transfer to your facility account via RTGS occurs.
- Transaction Listing Fee (Event), Amount: 5.00. Additional Information: When a transaction listing between two given dates is issued on your facility account
- Additional Statement Fee (Event), Amount: 1.00. Additional Information: For the second and each subsequent statement issued during a month, or when a statement is issued on your facility account at your request at any time before the next statement issuing date
- Sms Alerts (Event), Amount: 0.25. Additional Information: for each SMS Alert delivered by SMS to your mobile phone
- Default Fee (Event), Amount: 30.00. Additional Information: at the end of each calendar month during which you are in default at any time
- Direct Debit Dishonour Fee (Event), Amount: 10.00. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured
- Break Fee (Variable), Amount: Not Listed.. Additional Information: Calculating the interest amount that Heritage would have received over the remaining fixed rate period of your Loan less the interest amount Heritage will receive on a comparable loan for the remaining fixed rate period at the date the Credit Contract is paid out.
Limitations & Restrictions (Constraints)
- Min Limit of 20000.00
- Max Balance of 500000.00
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