Polestar FinancePolestar Finance - Chattel Mortgage
A commercial loan designed to help customers purchase a new or used asset for business use. The loan features a fixed interest rate and no deposit requirement.
At a glance
- Pricing
- Rates on application
- Fixed
- 8.80%
- Loan size
- $10,000 to $250,000
- Upfront fee
- $595
- Monthly fee
- $12.95
Rates
Every rate Polestar Finance publishes for this business loan, 12 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedMinimum rate for a Chattel Mortgage on a 2 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 2 yrs fixed | - | 8.80% | - | - |
| FixedMaximum rate for a Chattel Mortgage on a 2 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 2 yrs fixed | - | 12.44% | - | - |
| FixedMinimum rate for a Chattel Mortgage on a 3 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 3 yrs fixed | - | 8.80% | - | - |
| FixedMaximum rate for a Chattel Mortgage on a 3 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 3 yrs fixed | - | 12.44% | - | - |
| FixedMinimum rate for a Chattel Mortgage on a 4 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 4 yrs fixed | - | 8.80% | - | - |
| FixedMaximum rate for a Chattel Mortgage on a 4 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 4 yrs fixed | - | 12.44% | - | - |
| FixedMinimum rate for a Chattel Mortgage on a 5 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 5 yrs fixed | - | 8.80% | - | - |
| FixedMaximum rate for a Chattel Mortgage on a 5 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 5 yrs fixed | - | 12.44% | - | - |
| FixedMinimum rate for a Chattel Mortgage on a 6 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 6 yrs fixed | - | 8.80% | - | - |
| FixedMaximum rate for a Chattel Mortgage on a 6 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 6 yrs fixed | - | 12.14% | - | - |
| FixedMinimum rate for a Chattel Mortgage on a 7 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 7 yrs fixed | - | 8.80% | - | - |
| FixedMaximum rate for a Chattel Mortgage on a 7 year term. Your interest rate will be based on the asset you are purchasing. Your total amount payable and monthly instalments will be confirmed in your fin… | P&I | 7 yrs fixed | - | 12.14% | - | - |
Fees
7 fees published, grouped by when they're charged.
- When you take it outUp to $5954 fees, each listed below
- While you hold it$12.95 a monthMonthly repayment fee
- When you close it or pay it offFrom $0Early termination fee
When you take it out4
- Establishment fee$595
- Introducer origination fee
The origination fee will vary based on your introducer.
$0 to $1,195 - Personal Property Securities Register (PPSR) fee
Fee payable for each security to be registered as a security interest on the PPSR website.
$6 - Security registration administration fee
Fee payable for each security to be registered as a security interest on the PPSR website.
$3.95
While you hold it1
- Monthly repayment fee
Payable each time a monthly repayment is due.
$12.95 a month
If a payment is late or fails1
- Dishonour fee
Payable each time a payment instruction is dishonoured.
$25
When you close it or pay it off1
- Early termination fee
Payable if the balance outstanding is repaid in full 3 months or more before the end of the loan term. The early termination fee is calculated as $200 plus (6.50% of the total amount financed) x (num…
From $0
Features
- Where available, comprehensive insurance may be included in the total amount financed, subject to credit criteria.
- Where available, option to include a balloon payment for loan terms up to 5 years, subject to credit criteria.
- Have the certainty of a fixed interest rate and repayment amount for the life of the loan.
- Available terms of 2, 3, 4, 5, 6 and 7 years.
- Finance available for new or used motor vehicles.
Eligibility and limits
- Minimum age 18
- Residency: Applicants must be an Australian or New Zealand citizen, or a permanent Australian resident, or hold an acceptable visa that is valid for the loan term. Applicants must reside in Australia.
- Available to businesses
- Amount $10,000 to $250,000
- Applicants must hold a valid licence suitable for the asset being financed.
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Published by Polestar Finance under the Consumer Data Right, last changed by them on 1 Nov 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.