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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.
Personal asset finance
Everything from cars to jet skis can be obtained through personal asset finance. This means that you don’t have to wait for years to start road tripping in a caravan or cruise down the highway on a motorbike. With secured and unsecured personal loans, we’ll find the best one to suit you.
Low doc loan
Low doc loans function in a similar way to regular full doc loans. The difference between the pair is the criteria that each business is required to meet to qualify for a low doc loan. These criteria generally revolve around the length of ABN and GST registration. These loans allow strong, established businesses to have their application fast-tracked.
Our frequently asked questions
Between personal and business asset finance, there are some questions you might have. Here are some we get asked the most.
What are the benefits of asset finance?
Asset finance is a great way to get your new asset sooner. This allows you to acquire larger assets – often through hire or lease – without needing to purchase the asset outright. Whether it’s for personal or business use, asset finance has a few benefits.
- Can reduce more considerable loan costs
- Frees up capital
- Improves your cash flow
- Gets you your new asset sooner
What is equipment finance?
Equipment finance is the perfect solution for businesses that rely heavily on machinery, tools, and equipment to operate. It 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 a lump sum of money owed to the lender. It generally falls at the end of your loan period. While this may not sound like the best idea, it can aid the borrower in decreasing their monthly repayments throughout the loan. This can be negotiated with your lender.
What is the maximum balloon I can have?
A balloon payment differs from lender to lender. Generally, the maximum cost that lenders cap balloon payments at is a maximum of 50 per cent of the total loan amount. This means if you have a 50 per cent balloon on a $30,000 car loan, you will pay a balloon payment of $15,000 at the end of your loan.
How long is the maximum term of the loan?
There are many factors to consider when deciding what loan term you should go for. Lenders will allow you to have a term between one and seven years for any asset finance. Keep in mind that the longer the loan, the more interest you’ll pay.
Car loan vs novated lease – what’s the difference?
The main aspects of a car loan and novated lease are:
- Both have regular repayments.
- Both have the chance to include a balloon amount at the end of the loan.
- A novated lease is a three-way deal between you, the lender, and your employer.
- With a car loan, you own the vehicle from day one.
- With a novated lease, you own the vehicle when the term ends, and you pay the balloon.
- A car loan is paid with after-tax earnings and a novated lease from pre or post-tax pay.
Online Finance Guides
Equipment Finance Calculator
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Equipment Finance Calculator
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Equipment Finance Calculator
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Equipment Finance Calculator
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