At a glance

100 %
Asset finance is available
1-5 Years
Minimum loan term
$ 20,000
Minimum loan amount

Why choose our Specific Security Agreement?

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.

Benefits and features

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. 

  • 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

For important information on our Equipment and Vehicle Financing, view our Terms and Conditions below.


Ready to apply?

Whether you’re ready to apply or you’d like to know more, one of our business specialists will be happy to help and provide more information.

Enquire now

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We can also help with:

Novated Lease

Car financing through salary packaging

Novated Lease

A novated lease is a great way to finance new cars for employees through salary packaging.

  • Employee pays for their own vehicle
  • Reduced vehicle maintenance and fleet management costs
  • Provide a flexible employee benefit at little or no cost to your business
Revolving Limit

Save time with ongoing equipment finance

Revolving Limit

When you take out a revolving limit, you will have an approved credit limit for equipment finance over a set term.

  • Finance equipment over an agreed timeframe
  • No need to reapply whenever you purchase a new asset
  • Funds can be redrawn once repayments are made