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Chattel Mortgage Car Loan

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Trusted by thousands of Australians

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Award winning lender

Winner of Canstar's Innovation
Excellence Award 2022*

Winner of Canstar's Innovation Excellence Award 2022*

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Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Chattel Mortgage Car Loan

Business owners can expand their business right when they feel ready for it through our chattel mortgage car loan, here at MONEYME. Every entrepreneur wants to grow their business fast, however, they don’t always have the funds to invest in new equipment like company cars. Some would have to save up for years before they can finally afford new transportation for their business to expand their service areas. Start-ups would have to wait even longer, especially since most of their expenses are fixed costs, leaving less room to save up for new assets. 

This is why MONEYME offers fast online chattel mortgage car loan services – to help both established and new businesses secure funds to purchase the car they want, right when they need it. 

What is a chattel mortgage car loan?

When businesses and self-employed individuals don’t have enough funds to purchase a vehicle with a one-time full payment, their next best option is to get a loan. Everyone knows that getting a loan means borrowing money from a financing institution but not many people know the types of transactions under a loan service. There are two basic types of transactions for loans: unsecured and secured transactions. 

An unsecured loan requires no collateral which means borrowers or the people who want a loan can get the money without securing any asset to the lender. Unsecured loans are approved based on the borrower’s creditworthiness instead of their assets. Meanwhile, secured loans require borrowers to secure an asset to the lender. A chattel mortgage loan is a type of secured transaction. 

The main difference between a chattel mortgage car loan and a simple car loan is that chattel mortgages refer to movable properties, such as mobile homes, jewellery, electronics, bonds, or stocks, that are used to secure a loan to get a car. The ‘chattel’ or movable property used to secure the loan doesn’t even have to be something the borrower already owns; oftentimes, the chattel for the loan will be the same vehicle that is being purchased using the loan. The creditor or the financing institution will then hold a lien over the chattel until the full amount is repaid.

What are the benefits of a chattel mortgage car loan?

Chattel mortgage car loan transactions are beneficial to both financing companies and the borrower. Generally, individuals and businesses who get chattel mortgages enjoy lower interest rates than other types of secured loans as well as more flexible payment structures. Because chattels are often properties that people don’t need on a daily basis – like construction equipment, for example – then they can get money for things that are not necessarily crucial to their everyday lives. In the case of using the vehicle being loaned as the chattel, business owners don’t have to touch their other business assets for the loan so the risk involved is much lower. 

As for lenders, chattels are easier to obtain and sell, if the debtor ever fails to repay the loan. 

How to apply for a chattel mortgage car loan?

Both individuals and businesses are eligible to get a chattel mortgage car loan, given that the vehicle that will be purchased will be used primarily for business use. In Australia, one of the main requirements for this type of car loan finance is that the vehicle purchased will be used for business at least 51% of the time. Other requisites for individuals who wish to get a chattel mortgage car loan include having an Australian Business Number (ABN) and being registered for the Goods and Services Tax (GST). Like other car loans, you need to have a clear credit history to prove your capability to service the loan. 

MONEYME can make the process of getting a chattel mortgage car loan much easier with our digital financing solution. You can apply for the loan online by filling out the form which would only take a few minutes. To get estimates on your loan repayment, you can use our car lease calculator for convenience. You can loan any amount from $5,000 to $50,000 for terms between one to five years. The best part is that you can get approved within minutes and from there, you can manage everything from your iOS or Android device.

Getting a chattel mortgage car loan can be that simple and practical with MONEYME. 

MONEYME is a digital financial services company that offers multiple car finance options including small car loans, second-hand car loans, self-employed car loans and even car repair financing. Individuals looking for a chattel mortgage for a car in Australia can depend on MONEYME to provide them with the right financial solution that suits their needs. 

MONEYME offers loans with mortgage interest rates that are much lower than what the country’s four biggest banks charge its clients. Not only that but you can get your loan approved in a matter of minutes compared to the average week-long approval process of most chattel finance companies. This is all thanks to the fast and easy online registration for car loans that MONEYME offers. You can get the money in your account within the same day – that’s how hassle-free our car finance deals can be! 

Adding more automotive assets to support your growing business can be fast, easy, and low-risk with MONEYME! We are the mortgage loan finance company of choice for growth-oriented entrepreneurs.

Our customers

Chattel Mortgage Car Loan

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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