201/11 Spring Street, Chatswood NSW 2067
Chattel Mortgage Loans
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(02) 8009 0496
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What is a Chattel Mortgage?
A chattel mortgage is a popular financing solution for Australian businesses to acquire vehicles and other essential assets. The term “chattel” refers to movable property, and in this context, it pertains to the vehicles, automobiles, or equipment you need for your business operations.
How Does a Chattel Mortgage Work?
With a chattel mortgage, the lender provides the funds for you to purchase the desired asset, and you take immediate ownership, similar to a secured car loan for personal use. As security for the loan, the lender places a “mortgage” on the asset. Once the loan and any residual value (final balance on the asset) are paid off, the mortgage is removed by the financing company. Alternatively, you have the option to refinance the residual value or trade in the asset.
Structure:
A chattel mortgage follows a structure similar to a commercial loan, where you make regular repayments in monthly, fortnightly, weekly, or other agreed-upon installments. You can choose to include a residual value or “balloon” payment, which reduces your monthly repayments. This lump sum payment is set aside at the end of the loan term and provides you with flexibility:
Trade-in Option:
You can trade in the asset and utilize the trade-in value to settle your loan, allowing you to start a new loan for a different asset.
Ownership Option:
By paying off the residual value, you gain full ownership of the asset.
Refinancing Option:
You have the choice to refinance the residual value and continue using the asset while managing your cash flow effectively.
Why Choose AFH for Your Home Loan?
Expertise and Knowledge:
At AFH, our team of experienced Relationship Managers possesses in-depth knowledge of the finance industry. With our expertise, we navigate the complexities of chattel mortgages, providing you with comprehensive solutions tailored to your unique business needs and goals.
Extensive Lender Network:
As an accredited partner of over 25 diverse lenders across the country, AFH offers access to an extensive network of financial institutions. This enables us to source the best rates, terms, and loan conditions available in the market, ensuring you receive the most favorable options for your specific requirements.
Personalized Approach:
We understand that securing a chattel mortgage is a significant financial decision for your business. Our Relationship Managers take the time to listen to your objectives, understand your financial situation, and provide personalized advice and customized loan solutions. We are committed to helping you make informed decisions that align with your long-term business objectives.
Streamlined Processes:
We value your time and strive to make the chattel mortgage application process as streamlined and efficient as possible. AFH handles the paperwork, communicates with lenders on your behalf, and provides regular updates, ensuring a smooth and stress-free experience. Trust us to simplify the process, allowing you to focus on growing your business with new assets.
Discover Your Dream Home,
with AFH Home Loans
Why Choose AFH for Your Chattel Mortgage?
AFH offers a diverse range of tailored chattel mortgage solutions to help you drive your business forward, whether you're expanding your fleet, upgrading equipment, or acquiring essential assets.
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Personalized Service
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Competitive Interest Rates
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Streamlined Application Process
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Efficient Process
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Efficient Process
AFH prioritizes your convenience with a fast and straightforward chattel mortgage application process, guided by our streamlined procedures and expert support.
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Swift Response
AFH ensures a timely response and efficient processing of your chattel mortgage application, minimizing waiting times and enabling you to progress swiftly with your business plans.
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Competitive Rates
At AFH, we ensure maximum savings and financial benefits by securing competitive interest rates and terms through our extensive network of lenders.
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Tailored Support
Our experienced team provides personalized advice and solutions, analyzing your unique business needs and financial circumstances to help you make informed decisions.
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Commitment Plus
AFH ensures exceptional service, addressing your needs, providing updates, and supporting you at every step for peace of mind and confidence.
Experience the Benefits of Chattel Mortgages
Discover the advantages of Chattel Mortgages, tailored to empower your business with financial flexibility and ownership of essential assets. At Australia Finance House (AFH), we offer competitive interest rates and a seamless application process, helping you secure the funds you need to drive your business forward.
Why Choose AFH for Chattel Mortgages?
Competitive Interest Rates:
AFH provides access to commercial finance with some of the lowest interest rates in the market. Lock in an affordable rate from the start and save significantly over the course of your loan.100% Financing:
Say goodbye to upfront deposits. With our Chattel Mortgages, you can borrow up to the full purchase price of your vehicle or equipment, including on-road costs, without the need for a down payment.Flexible Repayment Terms:
As a borrower, you have the freedom to choose the ideal repayment schedule for your business. Repay your loan over one to seven years, either with shorter terms for quicker settlement or longer terms for easier cash flow management.Tax Benefits:
Embrace the tax benefits of Chattel Mortgages. You can claim the GST on your business purchase, as well as the interest on your payments and depreciation of your asset, reducing your overall tax burden.Ownership from the Start:
Enjoy full ownership of your vehicle or equipment right from the outset. As the owner, you have control over its operation and modifications, tailoring it to suit your business needs.Flexible Residual Values:
Unlike car leases, our Chattel Mortgages offer optional residual payments that can be customized to match your preferences, ensuring greater financial flexibility.Early Repayment Options:
We understand the importance of financial freedom. Our partnered lenders allow you to repay your loan before its scheduled end date without incurring any additional fees.Customizable Repayment Cycles:
Choose a repayment cycle that aligns perfectly with your income flow. Select between monthly, fortnightly, or weekly repayments to suit your business needs.
Unlock the Potential of Chattel Mortgages with AFH
Empower your business with the advantages of Chattel Mortgages. Contact AFH today to explore your financing options and make the most of our competitive rates and personalized service. Let us be your trusted partner in achieving your business goals. Get started with AFH and drive your business forward with confidence.
Discover the Power of Chattel Mortgages with AFH
Empower your business with the advantages of Chattel Mortgages. Contact AFH today to explore your financing options and make the most of our competitive rates and personalized service. Let us be your trusted partner in driving your business success. Get started with AFH and acquire the assets you need to take your business to new heights.
