Product Features...

This is simply the easiest finance application process you will find anywhere.

No financial information is required. We don’t want to know how much you earn? We believe that the equipment in itself is security enough and we want to make sure you a putting yourself in a position to experience the benefits of real business growth.

Little initial outlay when you purchase equipment for business purposes. The only thing you pay is a $165.00 documentation fee (for amounts under $15,000) or $275.00 documentation fee (for amounts above $15,000) + the first months repayment in advance.

Potentially 100% tax deductible (with business use). Each person’s situation is different so we would encourage you to check with your own accountant or business advisor.

Easy cashflow management with predictable monthly repayments. Don’t damage your cashflow by outlaying a large sum of money up front for your equipment. The extra money in your bank account can be used instead to grow your business, purchase new stock, hedge against hard times etc….

Easy application and approval process. This is quite simply the easiest form of business equipment finance you will find. Most of the application process can be completed over the phone or by simply downloading the simple 1 page application form from this website. We will call you to get your permission for us to check your credit file. Once the application is submitted, we generally have an answer within 1 hour.

Settlements are possible the same day. As this is a very simple finance process, we can settle the transaction very quickly for you. This enables you to then begin generating an income from your investment.

Who else would provide finance for a business in operation for as little as 1 Day or with no residential security? This gives you the ultimate in finance flexibility. We can lend money to more businesses than ever before.

Finance can be provided for:

new and used equipment for business related use (excluding fixtures, fittings, furniture and private sales).
New and used motor vehicles purchase via Dealer or Private sale (Private sales and Auction purchases require NRMA or State equivalent Inspection Reports)
Trucks up to 1 ton capacity
Flexible lease terms. CHP, finance lease or rentals are all available. Lease terms are between 24 & 60 months, with repayments monthly in advance and via direct debit.

All borrowers are to demonstrate clear Baycorp/Veda Credit History reports for the past 2 years with an exception of 1 x paid telecommunications / utility default not exceeding $1,000. This excludes renters. Any defaults, court actions and judgements > 2 years must be paid or settled.
All borrowers must meet the lender’s business identity checks.
All goods financed must be purchased from established suppliers. Suppliers must be trading for a minimum of 2 years in their field of profession, with the exception of used motor vehicles which may be purchased through Private Sale.
An approval can be rescinded at any time in the event that any information received by the Lender prior to settlement, is considered detrimental to the credit application.
Copy of Council Rates Notice is the acceptable form of property ownership.