Commercial Hire Purchase (CHP)
- CHP deals are structured to suit your business with our low interest rate guarantee.
- Fixed interest rates, fixed monthly payments, fixed finance term.
- GST on the full purchase price of the asset claimed by the borrower on ensuing BAS.
- No GST on repayments or interest but does apply to fees and charges.
- Lender retains title until all payments are finalised.
- Suited for many businesses that implement cash or accruals accounting.