Why choose a Business+ Vehicle Loan?
Vehicles are essential income earners for all kinds of small businesses. But they’re expensive, tying up thousands of dollars of your business’s cash.
Our Business+ Vehicle Loan can be used for new and second-hand vehicles up to five years old that are bought from a dealership.
You can buy passenger and light commercial vehicles including:
- Cars & 4WDs
- Light commercial trucks & cab chassis
- Utes & vans
Rates & fees
Our Business+ Vehicle Loan has personalised fixed rates based on your business’s circumstances and structure of your loan. See all our business loan rates.
- Minimum loan amount of $10,000
- Maximum loan amount of $250,000
- Loan terms 1-7 years
- Balloon payment available for terms between 1-6 years
| Fixed interest rate range | 6.79% p.a. to 17.49% p.a. |
| Green discount | Up to 0.50% p.a. discount on your interest rate when you apply for an eligible electric vehicle1 |
| Establishment fee | $595 |
| Securities administration fee | $100 |
| Service fee | $8 per month |
Before you apply
- Have an ABN for your business
- Have at least one year trading history
- Annual turnover of at least $75,000
- Be a sole trader or a company director
- Provide a personal guarantee from all directors (if applicable)
- Know the VIN or make and model of the vehicle you want to buy from a licensed car dealer
Business+ Vehicle Loan explained
You’ll need to meet our eligibility criteria for a Business+ Vehicle Loan. You can find these here.
When you apply for business finance, you (and any directors, partners or guarantors) may need to provide:
- Financial statements, preferably prepared by an accountant
- Proof of individual income
- Bank statements
- Identification
These documents help us understand your business’s financial position.
You can buy a car, ute, van, truck, trailer or bus from a dealership with a Business+ Vehicle Loan. Your new vehicle is used as security against the loan.
A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.
When you apply for a Business+ Vehicle Loan, your business and individual situation, vehicle type and credit score will be considered when calculating your personalised interest rate.
A balloon payment is a final lump-sum that’s paid at the end of your loan. It’s a percentage of the vehicle’s purchase price and is paid in addition to your regular repayments and fees.
A balloon payment may lower your monthly repayment amount, but it’s important to note that balloon payments accumulate interest. You’ll also have to set some money aside to make the balloon payment. Don’t forget to calculate the full cost to avoid paying more in the long term.
A business vehicle loan is used to buy a vehicle for business purposes. It can have some tax benefits for the business, so consult your accountant to find out which ones apply to you. Unlike a personal car loan, a business vehicle loan can offer a 'balloon payment'. A balloon payment is a lump sum you choose to pay at the end of your loan term so you can reduce your repayment amount while you're paying back the loan.
More features, less fuss.
Banking, finance, invoicing and much more available now in Business+.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. Consider the appropriateness of the information, including the Small Business Banking Terms & Conditions (T&Cs) booklet and the Business Finance Terms and Conditions, before acting on it.
Rates current as at 15 May 2026 and are subject to change.
Loan term range from 12 months to 84 months for Business+ Vehicle Loan.
Business+ Vehicle Loan rates range from 6.79% p.a. to 17.49% p.a.
1 Green Discount
Offer available to approve applicant when you finance a Green Motor Vehicle. A Green Motor Vehicle includes Battery Electric Vehicle (BEV) and Hydrogen Fuel Cell vehicles. It excludes Plug in Hybrid Electric Vehicle (PHEV) or Standard Hybrid vehicles.
Your personalised interest rate is determined with reference to our range of available rates, the loan amount and term, any deposit and your credit history.
Eligibility
- New, demonstrator and Used Green Motor Vehicle from a licensed Motor Dealer
- 12 – 84-month loan term
- Provide us a valid Tax Invoice with valid VIN for the vehicle financed where the Vehicle specification matches the data held at Automotive Data Services Pty Ltd (RedBook) and National Exchange of Vehicle and Driver Information System (NEVDIS).
* The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:
- Your credit score.
- Information provided in your application.
- Existing loans.
- The loan amount and your perceived ability to repay the loan.
Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.
To be eligible, here’s what you need to tick off:
- Be aged 18 or over
- Be an Australian resident
- Annual turnover of at least $75,000
- Have at least one year trading history
- Have an ABN for your business
- If your business is a company, all directors must provide a guarantee
- Have a valid email address, mobile number, and driver’s licence for identification
- Be one of the following business structures: a sole trader or a privately-owned Australian company
Can’t remember your business structure, Use the ABN Lookup to find out.
You won’t be able to apply if your business is:
- A tax resident in any country other than Australia
- One of the following business structures: a company owned by another company, a partnership, a trust, or a self-managed super fund
- Simple, fast, and mobile business banking
- Open accounts and loans entirely online in minutes
- In-app support (from real people)
