If your business or personal assets,vehicles, machinery or property,are sitting idle, you could use them as security for fast financing. Asset-backed loans offer lower interest rates than unsecured loans and can be arranged in days. Here’s how.
What Are Asset-Backed Loans?
A lender takes a charge over your asset in exchange for finance. Common forms include
- Chattel mortgages You own the asset from day one; loan is secured by the asset itself.
- Hire purchase Ownership transfers once all repayments are made.
- Equipment leases Use equipment without ownership, with options to buy later.
Benefits of Asset-Backed Finance
- Lower rates Security reduces lender risk, so rates are often better than unsecured loans.
- Flexible terms Tailor your loan term, repayments and balloon payments.
- Fast approvals Valuation is straightforward, speeding up decisions and settlements.
Suitable Assets
- Vehicles (cars, utes, trucks, forklifts)
- Industrial equipment (machinery, generators, specialised tools)
- Office fit-outs and technology
Steps to Secure Funding
- Choose your structure Discuss whether chattel mortgage, hire purchase or lease suits you.
- Valuation Lender organises an independent valuation of the asset.
- Application Provide ownership docs, ABN history (if business), ID and financials.
- Settlement & use Once approved, you can deploy the asset immediately to grow your operations.
Why The Loan Office?
- Single point of contact Our asset finance specialists manage the entire process.
- Rapid turnaround Many asset loans settle within 5 business days.
- Competitive access We compare multiple lenders to find you the best deal.
Unlock quick funding today by leveraging your existing assets. Contact us to find out how much you can borrow against your vehicles or equipment.