MINIStandard Rate Chattel Mortgage - MINI Vehicles
MINI Chattel Mortgage is designed for customers using their MINI predominantly for business purposes who want to retain ownership from the outset. With a fixed interest rate and no account-keeping fees, it delivers cost certainty and a streamlined finance solution for your business. MINI Financial Services Australian Credit Licence 392387.
At a glance
- Pricing
- Rates on application
- Fixed
- 10.14%, 12.21% comparison
- Upfront fee
- $590
- Monthly fee
- $0
Rates
Every rate MINI publishes for this business loan, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedOption to pay weekly, fortnightly or monthly. Minimum rate for a Standard Rate Chattel Mortgage. Lending criteria and conditions apply. | P&I | 5 yrs fixed | - | 10.14% | 12.21% | - |
| FixedOption to pay weekly, fortnightly or monthly. Minimum rate for a Standard Rate Chattel Mortgage. Lending criteria and conditions apply. | P&I | 5 yrs fixed | - | 10.14% | 12.21% | - |
| FixedOption to pay weekly, fortnightly or monthly. Maximum rate for a Standard Rate Chattel Mortgage. Lending criteria and conditions apply. | P&I | 5 yrs fixed | - | 12.99% | 15.12% | - |
| FixedOption to pay weekly, fortnightly or monthly. Maximum rate for a Standard Rate Chattel Mortgage. Lending criteria and conditions apply. | P&I | 5 yrs fixed | - | 12.99% | 15.12% | - |
Fees
8 fees published, grouped by when they're charged.
- When you take it outUp to $9352 fees, each listed below
- While you hold itNo feeAccount Keeping Fees
- When you close it or pay it off2.75% of balanceEarly Termination Fees
When you take it out2
- Dealer Origination Fees$935
- Establishment Fees$590
While you hold it1
- Account Keeping Fees
No Account keeping fees
No fee
If a payment is late or fails2
- Cheque Dishonour Fees$15
- Direct Debit Dishonour Fees$5
When particular things happen2
- PPSR Fees$2
- Verification Statement Fees$2
When you close it or pay it off1
- Early Termination Fees2.75% of balance
Features
- Ownership: Our Chattel Mortgage offers a fixed interest rate and no account keeping fees. You own your vehicle with predictable costs and long-term benefits
- Tailor your finance with a balloon or Guaranteed Future Value. Conditions apply
Eligibility and limits
- Minimum age 18
- Residency: Applicants must have the legal right to work in Australia and Companies must hold a valid Australian Business Number (ABN)
- Available to businesses
- Maximum LVR 1.25%
- Minimum balance $6,500
- New customers must not be an undischarged or discharged bankrupt. Existing customers must not be an undischarged bankrupt
- Credit Assessment: Eligibility is subject to credit approval based on the applicant’s financial and employment information. Lending criteria, fees, charges and conditions apply
- Offer applicable on MINI brand across new, demonstrator and used motor vehicles. The maximum age of a vehicle at end of term is 14 years, or 12 years if a balloon payment (RV) is sought, or 8 years i…
- Customers must take out comprehensive insurance coverage over the Vehicle for the loan term and specify the BMW Financial Services as the interested party
- Contract Term should be between 13 and 60 months Rates may vary depending on term, financed amount, loan to value ratio, property ownership status and occupation.
- Customer must grant a first ranking security interest over the Vehicle
- Conditions apply to Guaranteed Future value product
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Published by MINI Financial Services under the Consumer Data Right, last changed by them on 5 Oct 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.