Need finance to get ahead?

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Need finance to get ahead?

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No property? No deposit?

YOU MAY BE ELIGIBLE FOR ASSET & EQUIPMENT FINANCE EXPRESS
Apply online
Easy to apply
Provide 12 months of bank statements and a goods invoice for assessment.
Non property backed
No worries. Asset & Equipment Finance Express can assist without the need for property ownership.
No deposit*
No deposit required for loans under $150k, 10% for loans $150k-$250k even if you're non property backed.*
Apply now
 or speak to a Banjo Loans specialist on 
1300 22 65 65
FASTER FINANCE FOR HOW BUSINESS REALLY WORKS

Asset & equipment finance solutions to keep your business moving

Loans from $20k
to $250k
Loan terms from
12 to 60 months
No deposit for loans
under $150k*
No need to be backed by property
Making asset finance more achievable

Need a work vehicle to keep moving?

Expanding operations, need assets and equipment?

Upgrading existing infrastructure?

Banjo could be the solution you need right now.

Get started

Get started

Simply check your eligibility

BEFORE YOU BEGIN WE NEED SOME BASIC DETAILS:
An active ABN and GST registered
At least 1 year in business
12-months bank statements
Goods invoice
Your Australian drivers licence

No endless back and forths. No waiting weeks or months to get a decision.

We simply need a few details from you

What customers are saying about their experience with Banjo

  • It was a breath of fresh air dealing with Banjo Loans for my customer. Everyone was so helpful and quick to reply to emails or take a phone call. The application process was very quick, and the approval came back within two hours.

    Commercial Broker

  • The team at Banjo came through for me when others wouldn't even bother. They listened and understood my situation and developed an option that meant that we could get funded in the shortest period of time.

    Finance Broker

  • After providing the right documentation thanks to Nick, Stephen and the great team from Banjo Loan, my company has been granted with a 250k loan. Thank you guys for your support and trust. Your help has been vital to our company and will never forget.

    Director, Logistics Company

  • I hate open reviews but when you work with a team as good as Banjo you can’t continue working with them if you’re not willing to acknowledge that in their space they are Australia’s best offering at what they do.

    Commercial Broker

We help a broad range of businesses to grow and reach their potential

Manufacturing
Hospitality
Transport
Logistics
And more!

Enquire now

UNDERSTANDING BANJO Asset FINANCE

Frequently asked questions

What is Asset Finance Express? 

Banjo Asset Finance Express (or next-to-no doc) is a loan that enables businesses to purchase and own equipment from the beginning. Our next-to-no doc process involves a quick 5-minute online submission, bank statements only assessment and very minimal documents to secure your conditional approval.

What loan amount can I borrow and over what term? 

Banjo can consider loan amounts ranging from $20k to $250k over 12 to 60 months. 

Who qualifies for an Asset Finance Express loan?

Minimum eligibility is an established ABN business with 1 year trading history and GST registered. Other lending criteria may apply. 

What type of assets or equipment can I finance?

Banjo Asset & Equipment Finance Express is suited to primary (wheeled assets) and secondary (non-wheeled assets) income generating, serialised assets that help move businesses 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, quarrying equipment, medical equipment and waste/recycling equipment. 
Is there any asset and equipment age guidelines? 

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. 

Does Banjo consider balloon payments? 

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.

How long does the express application process take? 

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. 

Who can I speak to about my Asset Finance Express options? 

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. 

Asset & Equipment finance that works for you

Explore smarter ways to access fast and flexible finance.

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How does Banjo compare?

HANDY GUIDE TO FINDing fast asset finance
banjo-logo
Traditional

Funding
Get approval in hours, or days, not weeks.
Talk with the decision-maker who creates your loan.
Flexible payment terms to suit your business.
You always get the best rates
Speak directly with a lending specialist, not a chat bot

See full comparison

Banjo Loans
Traditional Funding

Fast decisions

Get approval in hours, or days.
It can take weeks to get approval.

Easy apply

Speak directly with a lending specialist, not a chat bot.
Spend hours collating information & being on hold.

Great rates

We give you our best rate.
You may get a good rate

Speak with the lender

Talk with the decision-maker who creates your loan.
Spend hours in approval loops.

Flexible payment terms

Pay weekly, fortnightly or monthly for up to 5 years.
Rigid deals with unfavourable conditions.

Helping hard working Australian businesses to continue to grow

A BIT ABOUT BANJO LOANS BECAUSE WE KNOW YOU’RE IN A HURRY
We’re a team who understands that small to medium-sized businesses are the engine room of our economies, cities and communities. Our mission is to power their growth through simple, smart financial solutions. Banjo makes it easier for businesses to access the right finance they need to move forward. We’re proud to assist in helping businesses to reach the next chapter in their development and success.

Let's talk

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* Disclaimer: Fees, lending criteria, terms and conditions apply (including an origination fee on each advance). Actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Advertised rates are subject to change at any time. Fixed fee (or interest expense) accrues upfront and is paid in instalments. While Banjo does not generally take security over assets, director guarantees may be required and a general security deed or other security may be required for larger loans or in respect of some loan types. Statements regarding timing in relation to applications, approvals and funding are only indicative. Any advice given does not take into account your personal circumstances and you should carefully consider what products are appropriate for you and obtain professional advice where relevant.
Copyright © 2023 Banjo® Loans. Banjo® and Banjo Score® are registered trade marks used under licence by Banjo Loans. All loans are provided by FundIT Ltd ACN 601 130 527 in its capacity as trustee of the Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033). All loans are subject to eligibility criteria and approval by Banjo. Upfront fee, terms and conditions apply.
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