Generally, Banjo can consider the following end of term (the age of the asset at the end of the loan term) ages: 

• Primary (wheeled) Assets: 20 years 
  • Motor vehicles: 15 years
  • Trailers: 25 years 

• Secondary (non-wheeled) Assets: 10 years 
  • Medical Equipment: 5 years 

Do you have an asset or equipment outside the above guidelines? If so, please contact your Business Development Manager who is available to discuss your options. 

Banjo does consider balloon payments on a case-by-case basis. A balloon payment is a lump sum repayment at the end of the loan agreement after all regular repayments have been met. Where a loan is eligible for a balloon payment, your regular repayments will be lower, and you will pay more interest over the loan term. Where a loan does not have a balloon payment, your regular repayments will be higher, and you will pay less interest and there will be no lump sum repayment at the end of the loan term.

Upon receiving the application, our team will review and provide an initial assessment within 12 business hours. Generally, once loan documents are complete and in order, our team will conduct final checks to enable you to access your equipment. 

You can speak directly with a local Business Development Manager to assist with any questions you may have, or reach out on 1300 22 65 65. 

You can speak with one of our Business Development Managers who are available to help you with any questions or our friendly team on 1300 22 65 65.

Upon receiving the application, our team will look to review and provide an initial assessment within 24 business hours . Generally, once loan documents are complete and in order, our team will conduct final checks to enable you to access your equipment.

We offer asset finance for a wide range of vehicles and business equipment to help move your business forward. Some examples include (but not limited to):

• Vehicles: Cars, light commercial vans, forklifts, trailers, trucks, SUVs and Utes.
• Business Equipment: Construction equipment, earthmoving equipment, landscaping equipment, manufacturing equipment, medical equipment and waste and recycling equipment.

Banjo does consider balloon payments on a case-by-case basis. A balloon payment is a lump sum repayment at the end of the loan agreement after all regular repayments have been met. Where a loan is eligible for a balloon payment, your regular repayments will be lower, and you will pay more interest over the loan term. Where a loan does not have a balloon payment, your regular repayments will be higher, and you will pay less interest and there will be no lump sum repayment at the end of the loan term.

The minimum requirement is an ABN established business with a minimum of 2 years of trading history and an annual turnover of greater than $500k. Other lending criteria will apply.