Are there any penalties for paying out my loan early ?

It really depends on the particular loan and at what stage the loan is paid out.

It is best to call us for a current payout and we will inform you of any penalty payments due.

Can I change my banking details after my loan has commenced?

Yes, simply call or email one of our experienced staff members and we will be able to send you a new direct debit form to sign and complete.

Do you maintain contact with me and can you look after my future requirements?

Yes, we want you to remain our client. We will contact you on a regular basis during the year to keep you informed of industry developments. We have the experience and the knowledge to look after almost any future finance requirements you may require.

How can you give me better service than my bank who I have dealt with for many years?

Every bank has its own set of lending criteria & policies. Whilst they all seem the same, there are often differences between them, and that may affect your ability to service your loan.

We will help you work through the differences between the banks and also compare alternative lenders to find the best available deal for you.

How do I pay out my loan?

Contact the office and we will be able to provide you with a figure to pay out your existing loan. Then give you instructions as to where to send the cheque or direct deposit the funds.

How old can the equipment be that I can finance?

Depending on the type of equipment this will range.

Generally with vehicles they should not be older than 10 years old at the end of the term of the finance contract. For example if you buy a truck that is 8 years old today you can usually finance it for 2 years.

Before you buy it is always best to run the type of equipment and its age by us to make sure we can finance it for you.

I have a Novated Lease and have since changed employers. What do I need to do?

All that needs to be done is have your new employer sign a new agreement & complete and sign a new direct debit form.

I’ve misplaced a copy of my contract. How can I get another copy?

Let us know and we can email or post you a copy any time.

Is it possible to get a statement showing the payments I’ve made on my loan?

Yes, most financiers are able to provide these for you. Fees may apply depending on the financier.

My business hasn’t been operating for 2 years, can I still get finance?

Thats fine we still can help you. Depending on your business and your background, Zenith Finance will work with you to find a suitable lender, at a competitive rate.

What are the different home products available?

Call us to discuss you individual situation.

We have variable loans, lines of credit and fixed rate home loans.

There are 100's of loans available out there so its best to speak with one of our advisers that will help direct you to the most appropriate loan that suits your individual needs.

What do I need to do to get a loan?

Tell us your name, best contact telephone number and your email address. We will send you an email with some attachments for you to complete, sign and return to us. Then we can start acting on your finance request fast! These attachments will include a Privacy Authority which allows us to act on your behalf, and an Application Form so that we have a clear idea of what you after and who you are. We may need additional information from you too – however this is where and how it all starts.

What is a hire purchase?

More information can be obtained at this page:


What is a Lease / CHP Escrow?

A Lease or Commercial Hire Purchase Escrow facility provides interim finance to allow progress payments (interest) on equipment being constructed & installed over a period, to be made on behalf of the customer.

The customer enters into an Escrow agreement with the bank.

Under this agreement, the bank will make progress payments for the goods upon receipt of authorisation from the customer.

When the customer is satisfied with the construction & installation of the goods, they then enter into a standard Lease or Hire Purchase Agreement with the bank.

What is a Novated Lease?

Novated Leases only apply to motor vehicles. A Novated Lease arrangement is typically an agreement between three parties, a finance company (Lessor), an employer (Payee) and an employee (Lessee).

Product is applicable to salary packaged motor vehicles and provides for employees to obtain finance by way of a Finance Lease on such equipment.

Employer accepts responsibility for payment of the lease rental under the finance lease whilst the lessee remains in the employ of the employer.

On completion of the Novated Lease period or on termination of the employee's employment, the responsibilities & liability under the finance lease revert to the employee.

What is Cash Flow Finance?

Cash Flow Finance enables you to access further working capital by accessing a line of credit to purchase new stock for re-sale; it also enables you to free up funds tied up with late paying clients.

What is the definition of a Chattel Mortgage?

A Chattel Mortgage is a commercial equipment finance product.

Under a Chattel Mortgage a finance company lends money to the customer to purchase equipment & this is called a "chattel".

The customer takes ownership of the equipment at the time of purchase, but the finance company also takes out a "mortgage" over the equipment by way of a Bill of Sale to provide security for the loan.

Once the term of the loan is completed and any balloon value is paid, the finance company removes the charge, giving the customer clear title to the equipment or the vehicle.

What is the maximum I can borrow to refinance my home?

95% is the absolute maximum in this current market. All banks are looking much more closely at every loan proposition than previously. That said, we arrange many home loans every day. Give us a call and let’s get you the best deal possible.

What is the rate?

Depending on the strength of your business and the nature of the equipment, Zenith Finance can work with you to ensure that you receive a competitive rate with a lender who is sensitive to your industry.

What other banking facilities can you offer?

This is a list of the main finance products we offer:

- Equipment Lease Finance
- Commercial and residential Property Finance
- Debtor and inventory finance
- Cash flow funding
- Overdraft facilities

What residual value can I have?

The residual value that you can have would depend on a number factors including the following:

- The type of equipment
- The term of the contract
- The strenght of the company financially

What term can I finance equipment over ?

The term of the finance in determined by a number of factors including:

- The type and age of the equipment.
- The application for the equipment
- The companys financial situation

Who are your finance sources – who do you place your loans with?

Zenith has its own funds that it uses for loans.

We are also accredited with all of the major banks, finance companys, non bank financial institutions and private funders and venture capitalists.

We seek the best available terms and interest for your specific requirement.