Which Australian bank offers the best equipment finance for 3 years - 06.09.2019

Bankchart.com.au has surveyed the terms of the offered equipment finance for 3 years in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 06.09.2019

As of 27 August 2019 the loans under review have been offered by 4 banks.  The average interest rate under such loans equals 6,45 % p.a. The total number of the loan programs available for the specified loan terms is 6.

The most affordable business loan is offered by National Australia Bank. The comparison rate under "NAB BUSINESS OPTIONS LOANS" loan program constitutes 4,67 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.

The TOP-4 equipment finance loan programs for 3 years, as of 27 August 2019

#

Bank

Interest Rate, %

1

4,67

interest rate, %

rate type

variable

max. sum

$ 1 000 000,00

2

4,94

interest rate, %

rate type

fixed

approval fee

$ 595,00

administration

$ 150,00, one-time

3

8,78

interest rate, %

rate type

variable

approval fee

$ 375,00

administration

$ 5,00, monthly

4

9,83

interest rate, %

rate type

fixed, variable

approval fee

0,40%

administration

$ 50,00, monthly

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