Plant and equipment loans
MJ Broking can assist you to finance your plant and equipment upgrades with a range of loan options that can be easily designed to suit your cash flow.
An asset lease enables you to have the use of your business equipment and the benefits of ownership while a lender retains actual ownership of the equipment. The lender purchases the equipment on your behalf and you then pay the lender a fixed monthly lease rental for the term of the lease. At the end of the lease you have the option to either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease.
Commercial hire purchase
Commercial hire purchase agreements are typically used by individual business customers who wish to place a deposit into their finance contract or nominate the value of the balloon (final instalment) on their contract. This type of contract offers maximum flexibility to set the monthly repayment amount to suit individual circumstances.
Vehicle finance and leasing
MJ Broking can arrange finance for cars, boats, motorbikes, jet skis and other registrable items. The most common form of financing is through a secured loan. The asset purchased is used by the lender as security for the loan often allowing a lower interest rate in return.
Secured loans (consumer mortgages) are designed for people purchasing for private use. MJ Broking can arrange finance for consumer car loans and commercial car loans.
Our products include: chattel mortgage, hire purchase, novated lease, consumer car loans. Leasing, hire purchase and chattel mortgage loans are available for vehicles used for at least 50% business needs.
At MJ Broking we make sure the client application meets all lending criteria to provide the best chance of securing approval.