Business Equipment Financing NZ
Equipment financing is best used to grow your business by purchasing equipment to increase productivity. If this is your plan, then Crester Credit’s finance options can put you in a position of power when negotiating with business funding and pre-approved equipment loans. We build relationships with business owners so you can simply lift the phone, get a verbal thumbs-up, so you can negotiate with suppliers as a cash buyer with an equipment business loan. There’s nothing sweeter!
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No Hoops To Jump Through
We make it easy to apply for finance & foster long-standing relationships that help you grow your business without the red-tape you might get from a bank when applying for a simple business equipment loan.
What Is Equipment Financing?
An equipment loan is when you request finance for the purchase of fixed assets, such as machinery, tools, or work vehicles. We prefer to loan on equipment that holds its value with a low depreciation rate.
Fixed interest rates
Our interest rates are between 9.95% and 26.98% p.a., depending on your circumstances.
Super fast –
Money in your
account
just 24 hours
Business Equipment Loan Calculator
Use our online equipment loan calculator. Discover the repayments, the term of the asset finance loan, and the maximum you can borrow based on affordability. Factor in a deposit on the item you wish to purchase, too. This acts as security and lowers your repayments. We then spread the remainder across up to 36 months.
Choose your term
Repayment Details
1 YEAR
Your approximate weekly payment
$22.60 PER WEEK* This is an approximate loan duration and amount based on assumed adequate security & collateral, job security, income, residence situation and positive references. This is subject to the New Zealand responsible lending code. Terms and conditions apply.
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Our customer rating
4.6/5
Rates
With Crester, you can repay your loan over a term of up to 36 months, with flexible weekly or monthly repayments to suit your budget. Our interest rates range between 9.95% and 26.98% p.a., depending on factors like your credit profile, loan purpose, and selected term. For a full breakdown including early repayment options, default interest, and establishment fees, please refer to our Rates and Fees page.
Terms
Before applying with Crester, please take a moment to review our terms and conditions. When you apply, you’re agreeing to let us collect and securely store your personal details. We aim to ensure all information on our site is current and accurate. If anything seems off, get in touch in writing and we’ll work to correct it. Crester follows New Zealand’s Responsible Lending Code.
Fees
Your personal data is protected with end-to-end encryption on all Crester web forms, ensuring your details remain secure throughout the loan process. We manage all client information with strict confidentiality, using robust security measures to guard against unauthorised access. Crester also complies fully with New Zealand’s privacy laws. For more information, see our Privacy Policy.
Business Funding NZ Wide
Business funding is Crester’s bread and butter. We’re renowned for being easy to work with. When you require a finance partner for equipment loans, machinery, construction equipment, working capital or other asset purchases, we’re here to assist.
We often help builders, manufacturers and tradies with finance products specifically to improve productivity or buy commercial equipment. Whatever your business is, there will be a time when you’ll be presented with an opportunity or you’ll need to improve productivity to grow. There are many equipment financing companies in New Zealand, but what makes Crester different is that we partner with you, giving you a line of credit to help your business grow. We make it easy.
Kiwi Business Asset & Equipment Loans
We like to do business, based on good-old Kiwi values. We get to know you as a person, take the time to understand your business, and we make the borrowing process as easy as possible for equipment financing for growth and increasing cash flow with our competitive rates. Our head office is based in Christchurch, but no matter where in New Zealand you are, we’ve got people on the ground to assist with the online application process.
Finance Equipment Like This
Financing Trailers & Work Vehicles
Wanting to finance a second-hand tractor? A trailer, a grading plate, a bailer, a work ute for your big or small business? Crester can help with agricultural equipment loans and small business lending.
Heavy Machinery Finance
If you’re an engineer, you may need a Lathe. You’ll also need transport for delivery and perhaps to increase your power supply. Crester can assist with the entirety of the purchase and installation costs with equipment and machinery flexible finance.
Financing Tools
Equipment financing options also extend to industry-specific tools, such as electricians testing tools, a builders toolbox and its contents, and engineer’s geotechnical drilling equipment. Crester can help with acquiring new equipment.
Medical Equipment Loans
Medical devices such as dentistry instruments, defibrillators, scanners, specialised furniture for patients and anything related to your industry can be considered for equipment finance. New or used, we’ve got your back!
Handy Tips
- There’s good debt and bad debt. If you’re taking out finance for equipment to improve productivity, and it’s not beyond your financial reach; then this is good debt for your business needs.
- Advantages of equipment loans are the easiest lending for Crester to agree upon because business equipment and tools often hold a significant residual value.
- Put the largest deposit down possible when taking out equipment, tools and machinery financing, so you pay the least amount of interest across the repayment term.
- Purchasing the equipment through financing can be more advantageous for you when compared to equipment leasing. Once the loan is paid in full at the end of the term, you get to keep the equipment rather than not owning it outright in an equipment finance lease.
What your loan really costs
No surprises. Here’s the full picture before you apply:
- Interest rate: between 9.95% and 26.98% p.a., personalised to your situation and fixed for the life of your loan.
- Establishment fee: between $135 and $995 depending on your loan size, charged once at the start.
- Administration fee: $10, plus $5 for each additional borrower.
- Repaying early: a $65 administration charge applies, plus any prepayment charge as calculated under the regulations.
Every fee we charge is published on our loan interest rates and fees page, and your loan contract shows your exact rate, fees and total repayments before you sign. For a personalised repayment estimate, use the calculator above.
Real people, start to finish. Talk to the same friendly team from application to payout. Meet the Crester team
APPLY NOW, DECISIONS USUALLY NEXT BUSINESS DAY*
* Decisions are usually made on the next business day after your application. Our online application form takes only six-eight minutes to complete, subject to approval in accordance with the responsible lending code of New Zealand. Start by filling this in, and if you’d like to talk with one of our loan officers, please make a note of it in the application, and we’ll contact you as soon as possible.
Equipment financing loan questions? Our lending team can help.
Jeanette
Karen
Jo
Skye
Peter
Laura
We respond to our customers, almost immediately, but in the meantime, please review our commonly asked questions and information about Crester Credit’s terms and conditions. We’ve included detail about establishment fees, annual interest rates, early settlement options, the responsible lending code of New Zealand, and the online finance application process. We’re here to help with everything finance related, so please ask if you have any questions at all about our different types of equipment financing.
FAQ
FAQs
What types of equipment can I finance?
You can finance various types of equipment, including machinery, vehicles, computers, and other essential tools needed for your business operations. It’s important to understand your business needs to determine which equipment you require.