Commercial Rates from
2.85%
(Comparison 3.69%*)
Lendrive Finance offers Chattel Mortgage loans. A Chattel Mortgage is a commercial finance product which is similar to a secured car loan. In short the main difference between the two is what you will use the vehicle for. Unlike a secured car loan, you can only use a chattel Mortgage to purchase a vehicle or asset that you will use primarily for business purposes. It is also worth noting that similar to a secured car loan, the vehicle will be used as security. As a result using a Chattel Mortgage can get you a very competitive interest rate.
We here at Lendrive can help you compare and choose the right finance product. So if you would like to use a Chattel Mortgage for your next vehicle purchase or if you seek more information to make that decision, then reach out to us for a free consultation.
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* Your actual interest rate will be based on a number of factors, including the type and age of the asset you are seeking to purchase; the information you provide during your application and the term of the loan. This rate may be different from our advertised rates. The Comparison Rate is calculated on a Secured Loan of $40,000 fixed for a term of 5 years, calculated February 2021 and subject to change. The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.
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Lendrive Pty Ltd T/A Lendrive Finance is a privately owned Australian company that facilitates consumer and commercial asset finance, business loans and personal loans. We are a brokerage company and not a lender. Lendrive Pty Ltd has no ownership affiliation or sponsorship with any other finance related company, We are independently owned and operated. We are not related to any other company that may share the name Lendrive outside of Australia.