Equipment finance for brokers
We’ve got equipment finance covered
Finance Lease
We buy the asset. Your client will rent it from us for an agreed-upon period.
Hire Purchase
We buy the asset upfront. Your client buys it from us in instalments.
Goods Loan
Your client owns the asset without paying the purchase price upfront.
Receive approved funds within 1 business day
Faster funding to help meet your client's business vehicle and equipment needs.
If the application meets the criteria outlined in our DriveXpress Policy, your customer may be eligible for a fast-track pathway. This means they can receive funding sooner, though conditions do apply.
Apply through DriveOnline or get in touch with your BDM for more information on these policies and how they compare to our standard applications.
We also offer Insurance Premium Finance
Do your clients want an easy way to spread annual insurance costs across easy monthly instalments?
What are the requirements?
Frequently asked questions
You’ll be updated weekly via email by your BDM or Relationship Executive (RE) about the latest rates. If you’re not receiving these emails, please get in contact with us.
Your client’s finance rate will depend on the term of the loan and the balloon amount chosen.
For applicable fees and charges, please see the vehicle and equipment fees and charges booklet on our forms page.
Things you should know
Westpac Group Broker Code of Conduct
Credit criteria, terms and conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. This information does not take the borrower’s personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Please ensure you/ the borrower(s) read the disclosure documents for the selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Target Market Determinations for certain products are available.
If any of the information related to (or provided by) the Westpac Banking Corporation that you rely on is printed, downloaded or stored in any manner on your systems, files or otherwise, please ensure that you update your systems and files with the most up-to-date information provided by us and rely only on such updated information. Our site is secure. You can read our security information.
Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.
1. Eligible assets include a variety of cars, light and heavy commercial vehicles, material handling, earth-moving and agricultural equipment. Different limits apply depending on asset and customer type. Chat to your BDM for an up-to-date list of assets and finance amounts.
2. Please confirm eligibility with your BDM or Relationship Executive. These amounts cover the aggregate amount of business lending with the Bank.
3. Refer to your BDM to discuss the suitability of SIMPLE+. Excludes consumer lending, construction lending, sector policy and specialised lending.
4. Non-recurring income or expense adjustments that can be reasonably justified.