The Finance Algorithm
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Equipment Loan

You own the asset and purchase it with a loan, using the equipment as security. Usually no deposit is required. As you own the asset, you may be entitled to claim GST input tax credits, depreciation and interest expenses. Flexible and tailored repayment structures depending on your cash flow needs. A balloon payment may be included at the end of the term depending on the asset age and type.

Business loansRates on applicationBank updated 19 Aug 2026

At a glance

Pricing
Rates on application
Loan size
$10,000 to no maximum

Fees

3 fees published, grouped by when they're charged.

When you make a transaction2

  • Documentation Fee

    Business fees and charges

    $450
  • Private Sales, Sale & Buy Bank and Refinance from other Financial Institutions

    Business fees and charges

    $100

When you close it or pay it off1

  • Early Termination Fee

    Business fees and charges

    $250

Features

None published.

Eligibility and limits

  • Residency: Must be based, registered, and operating in Australia
  • Available to businesses
  • Amount from $10,000, no maximum

Published by Bendigo Bank under the Consumer Data Right, last changed by them on 19 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.