Asset finance lets you purchase vehicles, equipment or machinery without paying the full cost upfront, you spread the payments over an agreed term (typically 1–7 years). Through our panel of 40+ lenders we can finance cars, utes, vans, trucks, trailers, earthmoving and construction machinery, agricultural equipment, medical and dental equipment, IT and office fit-outs, and most other income-producing business assets - new or used, from a dealer, auction or private sale.  

Your bank can only offer you its own products, on its own credit policy. We compare options from more than 40 lenders, including the major banks and specialist lenders , so your application goes to the lender whose policy, rate and structure actually suit your situation. That matters because two lenders can look at the same business and the same asset very differently. We also handle the paperwork, negotiate on your behalf and manage the process from enquiry through to settlement, saving you time and multiple credit applications.  

Nope. Getting a quote from Eastern Loans is completely free, with no obligation to proceed. Like most finance brokers, we're paid by the lender when your loan settles. If you choose not to go ahead, you won't pay anything.

No. Getting your loan matches and an indicative rate from us has no impact on your credit file. A credit check is only conducted once you decide to proceed and a formal application is submitted to a lender. Because we match you to the right lender first, you avoid the multiple credit enquiries that can come from shopping around on your own.  

Right away! For straightforward applications, approval can be as fast as same day and usually a max of 48 hours. Many of our low-doc options can be conditionally approved even faster. More complex transactions, larger amounts, specialised equipment or newer businesses may take a few days. Your dedicated specialist will give you a realistic timeframe upfront and keep you updated at every stage through to settlement.  

For many Individuals and established businesses, surprisingly little. Depending on the lender, the asset and the amount, eligible ABN holders may qualify for a low-doc application. Often just identification, your ABN details and basic asset information, without full financial statements. For larger or more complex loans, lenders may ask for recent financials, BAS or bank statements. We'll tell you exactly what's needed for your situation before anything is submitted.  

Not necessarily. Many of our lenders offer up to 100% finance on the asset's purchase price, so you can preserve your savings or working capital. If you'd prefer to contribute a deposit or trade-in to lower your repayments, we can structure that too! It's entirely up to you and your cash flow.  

In many cases, yes. While the major banks typically want two or more years of trading history, several specialist lenders on our panel work with new ABN holders, start-ups and businesses with limited financials. Options may depend on the asset type, your deposit and your overall profile, but a short trading history doesn't rule you out. It just means matching you with the right lender, which is exactly what we do.