Blue Chip Lending
Straight answers to common questions
We’re here to make the process clearer before you enquire, whether you are comparing finance options or ready to take the next step.
Frequently Asked Questions
Finance questions are normal. The goal of this page is to make things easier to understand so you can move forward with more confidence and less guesswork.
General questions
General Questions
Who can apply for asset finance?
Asset finance can be available to individuals, sole traders, ABN holders, companies, partnerships and trusts. Eligibility depends on the lender, the asset being financed and your financial profile.
What loan terms are available?
Asset finance loan terms can be available for up to 7 years, depending on the lender, the type of asset and the structure of the loan. The right term will usually depend on the asset age, value and intended use.
How quickly can I get approved?
Asset finance pre-approval can often happen on the same day, while full approval commonly takes between 24 and 72 hours. In many cases, approvals can remain valid for up to 90 days, and sometimes longer, provided your financial circumstances do not materially change.
Rates, Fees and Loan Structure
What interest rates can I expect?
Asset finance interest rates vary based on your credit profile, the type of asset, the age of the asset and the structure of the loan. Bluechip Lending compares multiple lenders to help present the most suitable available options for your situation.
Are there any upfront or ongoing fees?
Some asset finance loans may include establishment fees, monthly account keeping fees or other lender-related charges. Any fees are disclosed clearly upfront before you proceed with the finance.
Can I pay out the loan early?
Yes, many asset finance loans can be paid out early. However, some lenders may apply early payout fees or break costs, depending on the loan structure. If early payout flexibility is important, Bluechip Lending can help structure the loan around that requirement where possible.
Is a deposit required?
No, a deposit is not always required for asset finance. Many lenders can approve asset finance with no deposit, depending on your credit profile, the asset type and the strength of the application.
Caravans & Campers
Can I finance a caravan for personal use?
Yes, caravan finance can be available for both personal-use caravans and business-use caravans. The structure of the finance will depend on how the caravan is being purchased and used.
Can I finance a used caravan?
Yes, used caravan finance is available through many lenders, subject to the age, condition and value of the caravan. Lending policy can vary depending on the asset and the lender.
Trucks & Machinery
Can I finance commercial vehicles like trucks and utes?
Yes, commercial vehicle finance can be available for new and used trucks, utes and trailers. Approval depends on the asset, its intended use and your financial position.
What machinery can be financed?
Machinery finance can cover a wide range of assets, including earthmoving equipment, agricultural machinery, forklifts and other commercial equipment. Eligibility depends on the lender and the asset being purchased.
Can I finance from a private seller or auction?
Yes, finance for assets purchased from a private seller or auction can often be arranged. Approval is subject to lender policy, asset checks and any additional verification requirements.
Business Loans & ABN Holders
Can I get finance with a new ABN?
Yes, some lenders can offer finance for ABN holders with a newly registered ABN, including ABNs that are only one day old. Approval depends on the lender, the deal structure and the overall application strength.
Do I need financials to apply?
Not always. Some applicants may be eligible for low doc finance or no doc finance options, depending on the lender, the asset type and the borrower profile.
Can I finance under my business for tax benefits?
Yes, financing an asset through your business may provide tax benefits in some circumstances. However, tax outcomes depend on your business structure and financial position, so it is important to speak with your accountant for tailored advice.
Getting Started with Finance
How much will my repayments be?
Finance repayments depend on the loan amount, term, interest rate, deposit, asset type and overall structure of the loan. Bluechip Lending can provide tailored repayment quotes based on your scenario.
Can I get pre-approved before choosing an asset?
Yes, pre-approval may be available before you choose the final asset. This can help you understand your finance position and negotiate with more confidence when you are ready to buy.
What is the next step to get started?
The next step is to submit an enquiry or speak with the Bluechip Lending team for a quick assessment. From there, we can help clarify your options, likely requirements and the most suitable way to move forward.
1.
Tell us what your needs
Start by outlining the funding goal, business need and what outcome you are trying to achieve.
2.
Clarify the pathway
We help identify the most relevant finance direction and what information may be needed next.
3.
Move forward
Once the next step is clear, we help guide the enquiry so it feels more manageable and easier to action.
Ready to talk through your finance options?
Whether you are ready to move forward or just want a clearer understanding of what is possible, Bluechip Lending is here to help.
Prefer to speak directly? Call 1300 889 114