If you are looking to finance your plant or machinery you pay the agreed amount every month.  These can be suited to your individual requirements, which may be particularly useful if your income is variable or seasonal.  That means there are no surprises – you simply pay the agreed amount every month for the term of the contract and the asset is yours.

Product Overview

• Typically the term varies between 12 – 60 months
• The monthly payments are based on a fixed interest rate over an agreed term.
• You gain immediate use and ownership of the asset

Benefits to the customers

• Easy monthly payments to suit your budget
• Flexibility to negotiate initial deposit, term and structured or balloon payments
• Our competitive interest rates will not change during the term of the contract

Benefits to businesses

• If the asset is fully utilized for business purposes, tax, GST and interest can be claimed as per current NZ Tax Legislation
• The machinery is shown as an asset in the balance sheet