Chattel Mortgage

With some of the lowest rates in the market place, Turn Finance is well positioned to help you get your next commercial vehicle or equipment on the road fast.

The Chattel Mortgage car loan product is one of the most popular when it comes to businesses looking at financing their purchase. Providing your business with the ultimate in flexibility and also requiring no deposit, allowing you to preserve capital for the running your business.

Our current chattel mortgage car loan rates:

Eligibility Criteria
  • Dealer or private sales
  • Approvals within 2 business hours
  • Australia wide, flexible financing
  • Chattel mortgage, car lease, hire purchase
  • Finance for new our used cars, farm equipment, machinery, excavators and more
* All applications are subject to meeting lenders credit criteria. Rates effective from today and may change without notice.

Benefits of a chattel mortgage

  • Access to Turn Finance’s best interest rates
  • No doc facility available
  • No deposit required
  • Flexible terms of 1 to 7 years
  • Balloon payment options available
  • Effective cash flow management option
  • Tax benefits such as GST claiming

Why choose a chattel mortgage

If you’re a business owner looking to purchase a commercial vehicle, a chattel mortgage is definitely worth considering. This loan product is specifically designed for vehicles that are predominately used for business purposes, and as such provide a number of benefits that can work in favour of your business.

Competitive interest rates: chattel mortgages include account keeping fees and other charges, plus they’re secured to the vehicle. Generally this means you can enjoy lower interest rates (pending individual circumstances), particularly when compared to regular consumer loans.

Possibility to claim back GST, depreciation, and interest: if you’re registered for GST, it’s highly likely that you are able to claim back GST on your Business Activity Statement, as well as depreciation on the vehicle and even interest charges. We recommend consulting with your accountant on your individual circumstances*. You can read more about GST and tax implications here.

More flexibility: chattel mortgages are highly flexible. Repayments, loan terms, residual value (also known as balloon payments) amounts, deposit amounts, and optional extras such as insurance all offer additional flexibility to ensure your loan works best for you.

* Consult with your accountant to see how you can benefit from financing your next business purchase.

Want to know your repayments?

Interested in knowing what your repayments might look like? Use our loan calculator below.


If you are self-employed with an ABN and intend of using your vehicle for 51% or more for business use, then you are eligible to apply for a Chattel Mortgage. Please refer to our business loan portal for further eligibility requirements.

How to apply

Talk to our team of experts today to find out more about how this kind of loan can work for you and your company. Choose a loan to apply or call our expert team on the number below to speak to one of our qualified brokers.

Find out how much you can borrow*


Get a Loan

* This loan calculator is provided for illustrative purposes only and does not constitute a quote or offer. Information provided by this calculator is based on the accuracy of information provided by you and does not take into account your personal needs and financial circumstances.