Personal
loans for
kicking goals

Low rates starting from 9.19% p.a. (comparison rate from
10.58% p.a.*) with money in your bank account in as little as
60 minutes.

Won’t impact your credit score!
Won't impact your credit score!

Estimate your repayments

Find out how much your repayments and interest rate could be with our calculator.

Enter your loan details

$

Don’t know your score? Check for free

Estimated monthly repayments

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

An award-winning experience

Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% p.a.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.
svg-image
svg-image
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.

Chattel Mortgage Car Finance



Fund your newest movable business asset with a chattel mortgage car finance. A vehicle is one of the most important assets to have in a business, regardless of its nature. Many start-ups don’t make enough income yet to pay for a new vehicle to support their business with cash. Most equipment can cost a lot as well, so paying for the full amount in one go can really disrupt a business’s cash flow. A chattel mortgage car loan is one of the best car finance deals to get if you want a new car to use for your business. MONEYME can help you buy a car on finance as we offer great chattel finance options with flexible repayment structures at the best chattel mortgage rates. You can get a car loan conveniently online wherever you are in Australia with MONEYME. 

A chattel mortgage car finance is basically a type of secured car loan that funds self-employed individuals and businesses to purchase a vehicle that will primarily be used for business. A standard mortgage loan finance company’s primary qualification for applicants of a chattel mortgage for a car is that the vehicle will be used for business purposes more than 50 per cent of the time. 



How does a chattel mortgage car finance work?

A chattel mortgage car finance works very similarly to other secured car loans. It is structured much like a traditional mortgage loan where car finance companies will provide the borrower with funds to purchase the vehicle. This vehicle or ‘chattel’ will be used as the security for the loan. The borrower will take ownership of the vehicle at the time of purchase, but the lender will put a mortgage over it until the loan term is over. The borrower must pay for the full loan amount as well as charges incurred, such as mortgage interest rates and early-exit fees, if stated in the loan agreement. 

Business owners can enjoy a wide range of vehicle options thanks to a chattel mortgage car finance. Depending on how they will use it for their business, some of the common vehicles acquired through a chattel mortgage car finance are pick-up trucks, heavy equipment, farm equipment, boats, and even aeroplanes. 



What are the benefits of chattel mortgage car finance?

Aside from providing individuals and companies with more car options to choose from, a chattel mortgage car finance can offer a gamut of other exciting benefits such as the following: 



Low-interest rate

Because it is a type of secured car loan, such as a self-employed car loan, most lenders offer lower interest rates. The asset will be secured by the mortgage loan finance company until the term is over and the total amount payable has been settled. So the interest rates can be expected to be much lower than unsecured loans since the risk is lower as well. 



Flexible payment structure

Business owners can have better control over their cash flow as a chattel mortgage car finance enables more flexible payment options for them. The repayments can be fixed at the same amount every month or tailored to suit the seasonal cash flow requirements of the business. A balloon or lump sum payment is also available to lower the monthly repayments although the interest rates might be raised instead. 



Eligibility for tax benefits 

With a chattel finance lease for business, the goods and services tax (GST) inclusive price of the asset is financed so business owners can claim an input tax credit almost immediately. Depending on how much you use the vehicle for business, you can claim interest and depreciation costs too. 



Why might you need a chattel mortgage?

If you are a self-employed individual who wants to purchase a new vehicle as an asset for your business, you might need a chattel mortgage car finance to fund your new car without disrupting your business cash flow. Chattel mortgage for individuals is ideal both for those who want to grow their existing business or for those who want to establish a start-up in their chosen industry. Vehicles acquired through chattel mortgage can still be used for personal use and not just exclusively for business purposes so long as the majority of the time, they will be used to support business operations.

If you’re interested in financing your new car through a chattel mortgage, you can get a quick estimate through MONEYME’s car lease calculator to have an idea of how much you will have to pay for the loan if you decide to get it. MONEYME makes loan applications, for chattel mortgage car finance and other financing deals, faster and easier. The MONEYME app is available both on iOS and Android devices where you can submit your application for a loan and track the updates from there as well. You can loan as much as $50,000 for terms of up to five years and enjoy flexible repayment options while paying off your loan. 

You can qualify for a chattel mortgage as long as you are at least eighteen years and can provide the requisites including proof of identity, proof of business, statement of assets and liabilities, as well as your personal details and details of the vehicle you will purchase. 

Get your car loan approval within minutes and get the money in your account instantly! With MONEYME, you can pursue more business opportunities as we help you finance whatever you need so you never have to miss valuable chances to scale your business!

svg-image

How to apply

1 Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

2 Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

3 Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

Bank-grade security

‘Read only' access to accounts

256-bit data encryption

svg-image

Win $10,000

to kick your goals

Simply download the MONEYME app and describe your goal in 25 words or less for your chance to win!

Learn more

Loans for small
and big moments

Won’t impact your credit score!
Won't impact your credit score!
Big purchase
Renovation
Holiday
Medical
Debt consolidation
Vehicle
Education
Other

What our customers say

4.6 review rating
Chattel Mortgage Car Finance

Trusted by thousands of Australians

awards

Everything you
need in one app

Apply in minutes and manage your account
wherever and whenever you need it.

Ready to
kick your goals?

Personal Loans are running hot!

55 people in the last 24 hours have applied

Freestyle is running hot!

55 people in the last 24 hours have applied

Debt Consolidation is running hot!

55 people in the last 24 hours have applied