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Equipment Loan Finance

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Secure the financing for your equipment today with Arya Finance

Don't let the process of applying for equipment finance overwhelm you. We are here to assist you at every stage, ensuring you feel confident in your choice.

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How does equipment financing function?

Equipment financing enables your business to acquire the necessary equipment without making a significant upfront payment. By avoiding a large initial investment, your company can allocate those funds towards more valuable operational or expansion purposes.

The specific way equipment financing operates depends on the type of financing product selected. Options include leasing, hire purchase, and chattel mortgages. The main distinctions involve asset ownership, responsibility for repairs and maintenance, and the financial treatment of depreciation and payments.

Consulting with your accountant is the best way to determine which equipment finance structure is most suitable for your business.

What types of equipment can be financed?

A variety of lenders offer financing for almost all types of equipment. Some financial institutions provide broad coverage, while others specialize in specific types of machinery.

Examples of equipment eligible for financing include:

  • Mining, Agricultural, and Earthmoving Equipment
    1. Excavators, graders, loaders, and bulldozers
    2. Dump trucks, mining vehicles, and earth movers
    3. Cranes and heavy lifting equipment
    4. Tunnel boring machines and continuous miners
    5. Underground transport machinery
    6. Conveyor systems and crushers
    7. Tractors and harvesting machines
    8. Plows and soil cultivation tools
    9. Advanced irrigation systems
    10. Horse training treadmills
  • Heavy-Duty and Industrial Equipment
    1. Forklifts and warehouse vehicles
    2. Scissor lifts and elevated work platforms
    3. Manufacturing and production machinery
    4. Processing plant equipment
    5. Material handling solutions
    6. Industrial-scale printers
    7. Precision laser cutting machines
    8. Storage racking and shelving units
    9. Factory and warehouse fit-out equipment

Frequently Asked Questions

You must provide identification documents, financial records, liability statements, details regarding the equipment being purchased, and an invoice from the supplier.
After submission, approval typically takes between 5 to 10 business days. In certain cases, financing may be approved in as little as two days.
Charges may be upfront, included in the loan, paid periodically, or a mix of these options. Interest is typically computed daily based on the outstanding balance and charged to the loan account monthly.

Get in touch with us today to discover how we can assist you in reaching your goals, whether it's owning a home, making an investment, purchasing a new car, expanding your business, securing farm financing, or getting a better rate on your existing loans.

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