Commercial Loan/Chattel Mortgage

Commercial Loan/Chattel Mortgage

A Commercial Loan Agreement is where a first registered Bill of Sale/Chattel Mortgage is granted by the borrower in favour of the lender. Normally the total Stamp Duty is payable up front. This facility is ideal for clients who operate their accounts on a cash basis and wish to claim the GST up front as input tax credit.

This facility can be structured similar to a Commercial Hire Purchase facility. The term is usually 2-5 years and a balloon amount can also be structured into the loan depending on usage and depreciation of goods. This facility is ideal when financing motor vehicles.

What application information is required?
Please submit a BUSINESS application form and relevant financial information.

[Print out business application form for fax]

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Disclaimer: Multilease has made every effort to ensure that the material contained on this page is factually correct as at 26th March 2010. However, Multilease does not purport to provide taxation or legal advice and recommends that you consult your financial or taxation adviser for specific advice suited to your own circumstances. Multilease shall not be liable for loss or damage sustained by person acting in reliance of this material.