Chattel Mortgage

  • The most popular business finance product as it suits most business using a cash accounting method.
  • Cheap interest rates.
  • Loan is tailored to suit your requirements.
  • Fixed interest rate, fixed monthly repayments, fixed loan term.
  • Borrower has full use of the asset while lender holds a mortgage over the asset until the payments are finalised.
  • GST on the purchase price is claimed by borrower on the BAS following the purchase. GST is not applied to the repayments or interest.
  • Repayments are not tax deductible but the interest is deductible.
  • Depreciation accounted at EOFY in accordance with ATO guidelines.