Unity Bank
Business Equipment Loan
Get a fixed business loan designed for business customers who need to purchase new or used general everyday business equipment using financed assets as security.
Business loansBank updated 1 July 2026
At a glance
- Pricing
- Rates on application
- Upfront fee
- $450
- Monthly fee
- $2
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| DEFAULT_NOTICE_FEE | Event | $50 | — | A fee charged if you default on your repayments and we issue a default notice |
| FIXED_RATE_LOCK_FEE | Event | $500 | — | A fee charged to guarantee the fixed interest rate quoted to you at loan approval for up to 90 days from the date of approval. The amount is $500.00 or 0.15% of the total fixed rate loan amount which… |
| LATE_PAYMENT_FEE | Event | $15 | — | A fee charged when you don't make your minimum monthly payment, plus any overdue amount |
| PAPER_STATEMENT_FEE | Periodic | $2 | Every 1 mo | A fee charged to cover the cost of producing and sending paper statements |
| LOAN_ESTABLISHMENT_FEE_-_BUSINESS_EQUIPMENT_LOAN_(NEW) | Upfront | $250 | — | A fee charged to set up a new Business Equipment Loan |
| SECURITY_GUARANTOR_FEE | Upfront | $200 | — | Payable if a guarantor is listed on the loan schedule. |
§ 03 — Features
Instant paymentsPayID
- · 1 to 7 years
- · Flexible repayment options weekly, fortnightly or monthly
- · You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
- · No PPSR (Personal Property Securities Register) fee is charged during the loan application
- · Set repayments that won't change during the fixed term so you can lock in certainty
- · Based on your choice of business finance option you could benefit from ongoing tax benefits
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Permanent Resident
- · Available to businesses
- · Applications for credit are subject to eligibility and suitability criteria and normal credit approval process.
- · New or used equipment such as office equipment, garden tools, carpenters tools, solar panels, warehouse equipment and other general everyday business equipment.
§ 06 — Run the numbers
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Published by Unity Bank under the Consumer Data Right, last changed by them on 1 July 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.