Specific Security Agreement (Chattel Mortgage)

An equipment finance option where you own the asset


A Specific Security Agreement (formerly known as Chattel Mortgage) is an equipment financing option that allows businesses to own their equipment upon purchase. BOQ Equipment Finance Limited secures the loan by registering a charge over the goods.


The Specific Security Agreement is similar to a home loan, where the equipment being financed is owned by your business, but is mortgaged to BOQ Equipment Finance Limited by a registrable charge over the equipment. 

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Features and Benefits

  • Minimum loan amount of $20,000
  • Minimum loan term of 1-5 years
  • 100% asset financing available 
  • You will own the asset, instead of hiring, renting or leasing
  • Final payment can be a residual value (balloon) payment, enabling lower payments during the term
  • Repayment structures can be designed to suit your business needs
  • Depreciation on the asset and the interest component of each loan instalment may be tax deductible*

Important Information

 Please view the terms and conditions listed below and on the Terms and Conditions page:

*Please seek independent taxation advice on whether this is applicable to your situation.

How to apply