Business car loan rates in Australia
Business vehicle finance rates from 10 lenders, taken from each lender's own published product data and refreshed daily: business car loans, chattel mortgages, goods loans and hire purchase. Choose a new, used or low-emission vehicle, a fixed or variable rate and the amount; each lender appears once, at its lowest rate for that loan. Lenders are ranked by their advertised interest rate. Business vehicle finance is not consumer credit, so the comparison rate rules do not apply and most lenders publish none; where one does, it is shown beside the rate. Fees are extra. 8 other lenders, including most of the major banks, quote each deal instead. For a car bought privately, see car loan rates.
Not every business vehicle financier is here. Covers only lenders that publish business vehicle finance under the Consumer Data Right: banks, credit unions and a few non-banks. Most of the major banks list vehicle or equipment finance but publish no rate, because they price each deal; quote_only lists them. Non-bank asset financiers are not on the CDR register and are not included (checked 2026-10-18: Automotive Financial Services (AFS), Angle Finance, Metro Finance, Pepper and Toyota Finance are absent). Novated leases, operating leases and dealer or manufacturer finance are not covered.
7 lenders offer a new vehicle loan of $60,000, lowest rate first
| # | Lender | Product | Rate p.a. | Comparison rate | Est. monthly | Fees | Conditions | Bank updated | Links |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SWS Bank | Fixed Rate Commercial Carcars ≤3 yrsloan | 5.99% | 5.99% | $1,160$9,581 interest over 5 years | not stated | confirmed on the lender's website on 2026-11-06, though the record dates from 2025-12-16; vehicles up to 3 years old (+2 more) | 2025-12-16 | sourcebankterms |
| 2 | Police Credit Union | Commercial Vehicle Fixed Loanloan | 6.49% | —not published | $1,174$10,421 interest over 5 years | $295 upfront | fixed 1 to 7 years from 6.49% (minimum $40,000) | 2026-11-06 | sourcebankterms |
| 3 | Queensland Country Bank | Commercial Loan - Securedloan | 6.74% | —not published | $1,181$10,844 interest over 5 years | $150 upfront$60 a year | new vehicles only; rate set at assessment; a margin above or below may apply (+2 more) | 2026-11-13 | sourcebankterms |
| 4 | Beyond Bank Australia | Business Loanloan | 7.04% | 8.05% | $1,189$11,352 interest over 5 years | not stated | confirmed on the lender's website on 2026-10-19; the special offer is for vehicles up to 2 years old; new vehicles only (+4 more) | 2026-10-06 | sourcebankterms |
| 5 | Southern Cross Credit Union | Business Vehicle Loanloan | 7.60% | —not published | $1,205$12,308 interest over 5 years | not stated | confirmed on the lender's website on 2026-10-19: new or demonstrator vehicles up to 4.5 tonnes GVM, $20,000 to $150,000, 1 to 5 years, $375 establishment fee and $8 a month; new vehicles only (+6 more) | 2026-06-09 | sourcebankterms |
| 6 | CommBank | Equipment Loanloan | 8.59%depends on the deal | —not published | $5,236$2,828 interest over 1 year | $595 upfront | loan term 12 months; repayments here are estimated over 12 months, its longest term; Rate depends on your credit history (+5 more) | 2026-11-13 | sourcebankterms |
| 7 | Liberty Financial | Business Car Loanloan | 9.79% | —not published | $1,269$16,118 interest over 5 years | $120 a year | confirmed on the lender's website on 2026-11-13 ("Rates from 9.79% p.a."), which gives it as a fixed rate (the feed, republished 2026-11-10, still says variable), from $5,000 to $100,000 ($35,000 if not registered for GST); older vehicles pay more; with a balloon, vehicle at most 8 years old at end of term (+2 more) | 2026-11-10 | sourcebank |
| Beyond Bank Australia | Business Loanloan | 8.69% | —not published | $1,236$14,190 interest over 5 years | not stated | confirmed on the lender's website on 2026-10-19; the special offer is for vehicles up to 2 years old; new vehicles only (+3 more) | 2026-10-06 | sourcebankterms | |
| Central West Credit Union | Business Car Loan - Used Vehicle 1 to 7 Years Oldcars 1–7 yrsloan | 7.70% | 7.92% | $1,208$12,479 interest over 5 years | $150 upfront | confirmed on the lender's website on 2026-10-19 (rates effective 8 October 2026); used vehicles only (+1 more) | 2026-05-27 | sourcebankterms | |
| CommBank | Hire Purchasehire purchase | 8.59%depends on the deal | —not published | $5,236$2,828 interest over 1 year | $654.50 upfront | loan term 12 months; repayments here are estimated over 12 months, its longest term; Rate depends on your credit history (+5 more) | 2026-11-13 | sourcebankterms | |
| Police Credit Union | Commercial Vehicle Variable Loanloan | 7.63% | —not published | $1,206$12,359 interest over 5 years | $295 upfront | rates from 7.63% (from 1 November 2026), set by assessment | 2026-11-04 | sourcebankterms | |
| Queensland Country Bank | Business Green Car Loanloan | 6.74% | —not published | $1,181$10,844 interest over 5 years | $150 upfront | Electric, hybrid or low-emission vehicles only: A 'green' vehicle is defined as one with emissions intensity that does not exceed 120 grams of C02 emissions per km (g/…; rate set at assessment; a margin above or below may apply (+4 more) | 2026-11-13 | sourcebankterms | |
| Queensland Country Bank | Commercial Loan - Securedcars ≤3 yrsloan | 8.24% | —not published | $1,223$13,409 interest over 5 years | $150 upfront$60 a year | vehicles up to 3 years old; rate set at assessment; a margin above or below may apply (+2 more) | 2026-11-13 | sourcebankterms | |
| Southern Cross Credit Union | Motor Scout Business Vehicle Loanloan | 7.60% | 9.97% | $1,205$12,308 interest over 5 years | $375 upfront$96 a year | confirmed on the lender's website on 2026-10-30: the Business Vehicle Loan page gives 7.60% fixed and names Motor Scout as its car buying service; new vehicles only (+6 more) | 2026-06-30 | sourcebankterms |
Business lenders price each deal on the business, the vehicle, the term and any balloon payment, so a published rate is usually the lowest or an indicative one. Type is read from the product's name: a loan (goods loan or chattel mortgage) means the business owns the vehicle from the start; with hire purchase the lender owns it until the last payment. GST credits, depreciation and interest deductions differ by type; ask your accountant.
This comparison covers rates and the fees the lenders publish. It does not compare every feature that may matter to you, such as early repayment costs, balloon payments, vehicle age limits, redraw or approval criteria. We receive no payment from any lender for inclusion or ranking.
Rates are per annum as published by the lender. The estimated monthly repayment and total interest are ours: the chosen amount repaid over 5 years (or over the loan's own longest term where it is shorter) at the rate, with no fees and no balloon payment. Where a lender publishes a comparison rate: 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. A gold "bank updated" date means the lender has not updated the record for over 60 days or since the latest cash rate change. One entry per bank per slice: its qualifying rate with the lowest rate (then comparison rate, where published), among rates that cover the vehicle, match the rate kind (any takes both) and whose loan amount band covers the slice's amount. The green slice takes each bank's green-only rates and its rates for new vehicles. Maximum and representative rates, revert rates, rates the lender's feed gives unreliably and loans for staff, students or a named profession are not ranked. Broker-only rates and lenders open only to certain occupations (restriction occupation_membership) are left out of these rankings; each slice file also carries entries_all, the same ranking with them in. A record not updated for more than 60 days before the fetch, or since before the Reserve Bank's latest cash rate change, is ranked with record_stale true and a condition saying so (unless its rate was confirmed on the bank's own website within that window and since that change). The "source" link opens the lender's product record (our snapshot), "bank" the product's page, and "terms" the terms and conditions or documents page linked from its product record.
Lenders that quote each deal
8 lenders list business vehicle finance in their product data but publish no rate, because they price each deal on the business and the vehicle. They do lend; ask them for a quote.
- ANZ: ANZ Asset Finance
- Bank of Melbourne: Goods Loan
- BankSA: Goods Loan
- BOQ Specialist: Motor Vehicle Finance
- Judo Bank: Judo Equipment Loan
- St.George Bank: Goods Loan
- Unity Bank: Business Vehicle Loan
- Westpac: Commercial Hire Purchase (hire purchase)
About this data
Rates come from each lender's own product data. Under the Consumer Data Right every Australian data holder must publish its product reference data openly, without authentication, which is why coverage of those lenders is complete and their records comparable. Business vehicle finance has no category of its own there, so we fetch each brand's business loans and keep the vehicle finance: products named for vehicles, and goods loans, hire purchase and equipment finance whose description names vehicles. A few terms that data leaves out, such as fees, are read from the lender's own fee guides and pages (37 terms from 8 lenders' own terms and pages, each quoted and re-read daily); where a lender's own document contradicts its product record, we follow the document until the lender republishes the record. The same records are published as JSON, each with its source URL and the lender's last-updated time:
questions.json: what to establish before answering a business vehicle finance question, what is most often misread, and which file answers what.best.json: the lenders ranked for each vehicle, rate type and amount, and the lenders that quote only (quote_only)./v1/compare/business-car-loans?loan=…&vehicle=…: the lenders ranked live at an exact amount, with the monthly repayment, who may borrow and why each other lender is left out./au/finance/business-car-loans/v1/best/<vehicle>/<kind>/<loan>.json: one of those rankings on its own, such asbest/new/any/60000.jsonfor the default table;top/holds each one's top 10.rates.json: every normalised rate row, ranked or not, with vehicles, finance type, loan ranges, fees and the reason a row is not ranked.index.json: the dataset index, listing the per-lender files and the verbatim product record snapshots behind every row.
Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, a lender prices each business deal itself, and lenders may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.