Your dream asset is within reach with the team at Inovayt
Bringing dreams to life
From personal vehicles to business equipment, let our team of expert brokers make your dreams come true
Unmatched access
Gain access to over 25 lenders with varying products and offers to find the right fit.
Flexible solutions
Our team offer a variety of solutions, such as low doc and no doc funding options, with loans approved in as little as 4 hours.
A team who care
Our team cares about the outcome of your financial goals, so we’ll go above and beyond to help you succeed.
Your dream asset is within reach with the team at Inovayt
Bringing dreams to life
From personal vehicles to business equipment, let our team of expert brokers make your dreams come true
Unmatched access
Gain access to over 25 lenders with varying products and offers to find the right fit.
Flexible solutions
Our team offer a variety of solutions, such as low doc and no doc funding options, with loans approved in as little as 4 hours.
A team who care
Our team cares about the outcome of your financial goals, so we’ll go above and beyond to help you succeed.
How do we work?
4 easy steps to get your foot in the door
Discovery
We know that one size doesn’t fit all. Let us take a moment to establish your individual financial goals.
Submission
After reviewing your financial position, we’ll provide you with the best options to make your decision.
Approval
Once approved by your chose lender, we finalise approvals and organise formal paperwork for sign off.
Settlement
We’ll carry out the settlement process for you with ongoing support.
Making personal asset financing work for you
Whether you’ve been eyeing off a new weekend toy, a holiday for the whole family, a pool for the hot Nelson Bay summers or anything in between, our personal asset financing could be just what you’re looking for. Our team works alongside you to find the best loan for your unique scenario – offering both secured and unsecured loans.
Leveraging business asset finance
Every business requires assets to get the job done and promote growth. Whether you need a new dishwasher for your restaurant, a ute for the trade site or some new technology for the office, our commercial brokers can help you keep your business running smoothly with business asset financing.
Chattel mortgage
A chattel mortgage is a loan used to purchase an item of movable personal property, such as a piece of construction equipment. The asset, or chattel, secures the loan, and the lender holds an interest in it. The benefits of this as business owner is you may be able to purchase large important equipment that may otherwise be out of reach.
Low doc loan
While full and low doc loans function in the same way, it is the criteria of acceptance that separates the two. For established businesses who require a quicker loan approval than regular doc loans, a low doc loan could be an option. Provided your business meets the length of ABN and GST criteria.
Our most frequently asked questions
Personal and business asset financing are vast topics with many finer details, but these are the questions we most commonly encounter.
What are the benefits of asset finance?
Asset finance is a great option if you want to get your new asset without the wait. This option allows you to obtain larger assets through hire or lease without purchasing the asset outright. There are many benefits of asset finance for both business and personal use.
- The potential to reduce larger loan costs
- Can free up capital
- allows you to improve your cash flow
- Gets you your new asset faster
What is equipment finance?
Equipment finance is the perfect solution for businesses that rely heavily on machinery tools and equipment to operate. This financial option can be used for a range of things, including:
- Work tools
- Trade tools
- Office computers
- Heavy machinery
- Farming equipment
What is a balloon payment?
A balloon payment is the lump sum of money owing at the end of your loan. It’s often an option used by borrowers to reduce their monthly repayments across the span of the loan. The terms of your loan, including your balloon payment, can be negotiated with your lender.
What is the maximum balloon I can have?
Balloon repayments differ based on your chosen lender. The maximum amount of money you’ll pay in your balloon payment is capped at 50 per cent of the loan amount, meaning, if you have a 50 per cent balloon on a $30,000 car loan, you will pay a balloon payment of $15,000 after your loan term.
What are the term conditions?
Asset finance is perfect for those who want to get their new asset sooner. The longest loan you can have for this financial solution is seven years, but be wary that you’ll pay more interest the longer your loan.
Car loan vs novated lease – what’s the difference?
Novated leases and car loans have similar features and some key differences. These include the following.
- Regular repayments are made for both.
- Balloon payments are an option at the end of each loan.
- A novated lease is a three-way deal between you, the lender, and your employer.
- You own the vehicle from day one with a regular car loan.
- Once the loan term ends on a novated lease, and the balloon payment has been repaid, you own the vehicle.
- After-tax earnings are used to finance a car loan, whereas pre and post-tax pay are used for a novated lease.
