Home Loans
Need to purchase a company car or looking to acquire vital equipment for your business? Oceania Finance is here to help. Our experienced mortgage brokers can help find the right chattel mortgage to suit your needs.
Australia’s most accessible financial broker
We can help you get what you want
Let’s talk loan details
Loan amounts |
Up to $500,000 |
Loan terms |
5 years |
Loan types |
Secured |
Repayments |
Monthly |
Interest rate |
Fixed |
Truck Finance FAQs
If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.
How long can you finance a truck for?
Truck finance through Oceania Finance has a loan term of 5 years.
What credit score is needed to buy a commercial truck?
Each lender has different requirements when it comes to credit history and score. But, in general, it’s good to have a ‘fair’ rating or higher. The exact score range will depend on the credit bureau. For example, at Equifax ‘fair’ is between 510-621, Experian is 550-624, and illion is 300-499.
Having a higher credit score increases your chances of being approved. And the better your credit score, the better your interest rate and loan terms are likely to be. Your credit score isn’t the only deciding factor in whether you get approved, but it does play a role in your outcome.
How do I qualify for a truck loan?
Specific eligibility requirements will depend on the lender, but at a minimum, you will need to:
- Be 18 years old or over
- Be a permanent Australian resident or hold a valid visa
- Not filed for bankruptcy
- Have a regular income and demonstrate financial stability