St. George Bank
Hire Purchase
A Commercial Hire Purchase is an agreement for the Bank to purchase an asset at the customer's request. The Bank gives the customer possession and use of the asset in return for regular repayments. Once fully repaid ownership in the asset is transferred to the customer.
Business loansBank updated 25 May 2026
At a glance
- Pricing
- Rates on application
- Loan size
- $15,000 to no maximum
- Upfront fee
- $1,400
§ 02 — Fees · 12
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Aircraft - International Deregistration | Event | $450 | — | Applies each time we are required to remove a security registration from the International Register and payable by you on or before the date of removal. The AUD amount will be quoted to you before be… |
| Break Costs | Event | Varies | — | Refer to your Goods Loan, Lease or Hire Purchase Details and the Auto & Equipment Finance General Terms you were provided with for an overview of how this fee is calculated. Break costs are not a fix… |
| Overdue interest (Default / Penalty Interest) | Event | 0.00% of interest accrued | — | This charge applies on overdue amount from the time it?s due until it?s paid |
| Personal Property Security Fees | Event | Varies | — | Personal Property Security Fees apply when search and registration fees are applicable. Where charged individually, these will be itemised on your Details and for the current costs, please refer to t… |
| Early Termination Fee | Exit | Varies | — | Applicable when you terminate your Goods Loan, Lease or Hire Purchase early and is charged at an amount equivalent to three monthly payments. We work this out by adding up the total repayments, divid… |
| Aircraft - CASA Transfer of Ownership | Upfront | Varies | — | Applies each time there is/will be a transfer of ownership with the Civil Aviation Safety Authority (CASA) and payable by you on or before the date of transfer. |
| Aircraft - International Registration | Upfront | $750 | — | Applies for each registration of Security on the International Register and payable by you on or before the settlement date when this type of security is required for financed aircraft The AUD amount… |
| Aircraft - RAA Transfer of Ownership | Upfront | Varies | — | Applies each time there is/will be a transfer of ownership with the Recreational Aviation Authority (RAA) and payable by you on or before the date of transfer. |
| Asset Inspection Fee | Upfront | $150 | — | Applies where we, or one of our agents is required to inspect the Equipment being financed. This fee is payable on or before the settlement date. Note: Sometimes we may require an agent to inspect th… |
| Establishment Fee - EF | Upfront | $500 | — | Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date. |
| Legal Fees for Complex Documentation | Upfront | Varies | — | Where we require external Lawyers to document some or all of your contract documentation, we will advise you of this fee before proceeding. It will be payable on or before the settlement date |
| Marine - Vessel Registration | Upfront | Varies | — | Applies for each registration of a marine vessel with the Australian Maritime Safety Authority and payable by you on or before the settlement date when this type of security is required. More informa… |
§ 03 — Features
- · Flexible repayment terms are available for the product
- · With Hire Purchase we purchase the asset at your request and you buy it from us in instalments.
- · With respect to ownership we own the asset until the agreement has been fully paid and ownership automatically transfers to you.
- · Potential tax benefits : Interest on the finance and depreciation of the asset are generally both tax deductible
§ 04 — Eligibility & limits
- · Available to businesses
- · Amount $15,000 to no maximum
- · Minimum term of 1 year and Maximum term of 7 years
§ 05 — Compare
§ 06 — Run the numbers
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Published by St.George Bank under the Consumer Data Right, last changed by them on 25 May 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.