Farm Equipment Finance

Rates from 4.09%

Farm Equipment Finance Summary

For any of your needs for equipment for farming or agriculture, Agricultural and Farm Equipment Finance can help you buy new or used equipment, from tractors to plows and earth-movers to crop-dusting aircraft. Taking the form of loans, leases, hire purchase and rental agreements, it can help you get the right equipment, when you need it. It can also give you the opportunity to grow your business.

A broad range of equipment can be financed, from vehicles – trucks, utes, earth-movers, harvesters, crop dusters and tractors – to equipment for harvesting and working the land. This type of finance is available for equipment for all sectors, from fruit picking to wine making, dairy farming and cotton picking – and for spraying, seeding, spreading, irrigating, tilling, feeding and processing.

The term of loan can vary, depending on how the equipment is used. If it is not used heavily or only on a seasonal basis, then longer-term loans may be available.

Farm Equipment Finance can take the form of rental agreements, leases and hire purchase. It can help you obtain farm and agricultural equipment now without paying upfront for the full cost. One of the great benefits of this type of finance is that the equipment you are purchasing can be used as collateral, so you will not have to use property as security.

Because you are using the equipment as security for your loan, the amount you can borrow depends on the value of the equipment you are buying. The equipment type, age of equipment, useful life and how much you will be using it are important factors for determining the amount of your finance approval. You can finance up to 100% of the value of the equipment.

Most equipment finance has fixed interest rates and a set term with regular monthly payments. The certainty of fixed monthly payments can help your business planning and budgeting. Another benefit of financing your equipment is that it frees up your capital to be used as working capital and towards your business growth.


  • Get funding fast
  • The equipment acts as security for the loan
  • Frees up working capital
  • Get equipment without paying for it upfront
  • Manage your cash flow with fixed instalments
  • You can claim tax deductions
  • Options are available for bad credit
  • Start a new contract with the latest technology at the end of your current contract


  • Equipment may depreciate faster than the loan is repaid
  • Second-hand equipment can attract higher interest rates
Prefer to talk to a loan expert?
1300 898 765
Unsure how much you can borrow?
Try our business loan calculators

Unsecured Loan Calculator

  • Borrow without risking property / assets

  • Loan terms of 3-12 months

  • Security needed for longer borrowing

  • No personal guarantees required

How much do you need?

Over how many months?

Based on your answers,

Your estimated weekly repayments are: $1,498 / week

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

  • Borrow with the certainty of fixed repayments

  • Loan terms of 1 to 20 years

  • Monthly repayments

  • Secured & unsecured options available

How much do you want to borrow?

Interest Rate

Over How many years?

Based on your answers,

Monthly Repayments $9,666

Total Repayments $579,960

Interest Costs $79,960

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

  • No deposit options available

  • Rates from 4.09%

  • Loans from 1 - 10 years

  • Low Doc options available for business owners

What is your vehicle/equipment cost?

Interest Rate

Over how many years?

Based on your answers,

Monthly Repayments: $1,473

Total Repayments: $88,399

Interest Costs: $8,399

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

Invoice Finance Calculator

  • Loans against your outstanding invoices

  • Undisclosed options available

  • Rates from 0.5% per month

  • Same-day approvals

Outstanding Receivables

Advance Rate

Based on your answers,

Receive up front: $480,000

90 days interest costs:

Minimum $14,400

Maximum $21,600

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

How does Farm Equipment Finance work?

Getting an agricultural or farm equipment loan or lease can be a short, streamlined way to finance up to 100% of the value of any equipment you need.

It comes in many options including leases, hire purchase, loans and chattel mortgages, for example:

Equipment Loan

A standard equipment loan allows you to borrow up to 100% of the cost of equipment with fixed repayments. The equipment is generally the only security required for the loan.

Finance Leases

A finance lease is a form of a rental agreement because the lessor owns the asset. At the end of the lease you have the option of purchasing the asset (for a residual amount agreed upfront), trading in the asset for new equipment or simply terminating the lease.

There is a risk that at the end of the lease the asset will be worth less than the residual value. One of the advantages of a finance lease is that the lender pays the GST component; this makes your payments lower.

Operating Leases

This type of lease is ideal for equipment such as technology equipment that needs regular replacement. It is similar to a finance lease but the risk of the market value being lower than the residual value is with the lender, not with you.

At the end of the lease period, you simply return the goods to the financier. In this type of lease, the equipment is not listed as an asset on your balance sheet and therefore you cannot claim depreciation. You can, however, claim the lease payments as a tax deduction.

Chattel Mortgage

A “chattel” is a moveable asset (i.e. it’s anything other than real estate). With a chattel mortgage you own the equipment from the beginning of the term of the lease. With a chattel mortgage, only the interest component of the lease payments are tax deductible – but you can also claim a deduction for the depreciation of the asset. In addition, you can claim a credit for the GST component on your BAS statement.


Is Equipment Finance right for you?

Use one of our business loan calculators to find out your repayments on a loan.

Documents required for an equipment finance application

For loans less than $200,000

For loans greater than $200,000

Who qualifies for equipment finance?

Most businesses will qualify for equipment finance, including startups and people with bad credit.

You can use the online prequalification tool to find out what types of business loans you are eligible for.

Apply for Farm Equipment Finance

Find the Lowest Rates on Farm Equipment Financing

Get Approved

Explore more business loan options

Looking for more options?
See our complete range of loans


We have answered some common questions from clients below.

  • What will my interest rate be?

    Your interest rate will depend on the term of your loan and your business trading history.

    For an indication of current rates, please see the table below.

    Loan PurposeInterest Rates From
    Unsecured Cashflow0.75% / Month
    Invoice Discounting / Factoring0.5% / Month
    Vehicle / Equipment Finance4.09% / Year
    Property Finance3.69% / Year
    OtherPlease Enquire


  • Who are your lenders?

    FundingPro have partnered with more than 70 lenders, both banks and non-bank specialist lenders. We carefully screen all lenders before adding them to our panel to ensure we only work with lenders that abide by responsible lending practices.

  • Will applying online affect my credit report?

    Making an online loan enquiry will not impact your credit report. If you decide to proceed with a full loan application lenders may require us to provide them with a copy of your credit report.

  • What does it cost to apply?

    Applying is free. If you take out a loan we will be paid a commission directly from the lender.

  • Do I qualify for a loan?

    We offer both mortgages & business loans, and the qualification criteria is based on the following:

    • Can you afford to make the repayments
    • Do you have enough security
    • Your credit history

    Most individuals & businesses will qualify for a loan. Your individual circumstances what type of loan, the rate you pay and how much you can borrow. To find out how much you qualify for, fill out an online loan enquiry.

Have a question for our loan experts?
Call us on 1300 898 765

Find your ideal loan

It’s free and it won’t affect your credit score

Apply now