Offering loan terms of 2-5 years, any assets you purchase in your business expansion can be used to secure the loan to provide access to competitive rates. To reduce your monthly repayments you can explore residual payment options, and your financial advisor can talk you through any tax deductions* you may be entitled to.

Using a hire purchase agreement to acquire the assets you need for your commercial venture can deliver a range of benefits. You will generally have fixed interest repayments making cashflow management easy, as well as certain tax advantages* and the option of balloon payments to lower your monthly repayments. Take possession of your goods immediately and ownership once the final payment is made.

If you need to regularly upgrade your commercial assets, a lease agreement may provide the flexibility you’re looking for. You decide whether to take ownership of the asset at the end of the lease (usually 2-5 years), or whether to take out another lease on newer goods. Leasing can provide structured payment plans to allow for seasonal income if you don’t wish to pay the full cost of an asset up front.