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| Frequently Asked Questions |
Why would I choose to finance with Medfin?
Medfin removes the hurdles placed in front of you by traditional finance companies. We understand that your time is important, so our experienced Relationship Managers come to you with simple, no fuss, finance solutions.
For Medfin clients, response time is quick and approvals are fast1. We know how to deliver the high level of service that healthcare professionals require.
Medfin is an Australian leader in finance for healthcare professionals.
How much can I borrow?
The answer to this question depends on the amount of finance you need and what it is needed for. At Medfin it’s possible to borrow up to 100% of the purchase price of your practice goodwill, car, equipment, improvements and practice premises.
Please contact your Medfin Relationship Manager for further information.
Does Medfin only do leasing?
Medfin commenced business in 1990, offering lease finance to healthcare professionals for equipment and motor vehicles. Now, more than 15 years later, we have expanded our product range to offer a full range of finance solutions for your practice, equipment, motor vehicle, investment property, cash flow, home and life and income insurance.2
Is Medfin more expensive than other finance companies?
Although Medfin offers high quality, personal service, you will find that our repayments and fees are always competitive because we offer finance solutions exclusively to healthcare professionals.
To find our more, contact your local Medfin Relationship Manager on 1300 361 122.
What’s the difference between a lease, hire purchase and chattel mortgage?
| Lease |
Medfin buys the equipment and you make lease payments .
A Lease is for an agreed amount and term.
At the end of the lease term, you can choose to: refinance the residual, purchase the equipment or return the equipment to us. |
| Commercial Hire Purchase |
Medfin buys the equipment and you make loan repayments, purchasing it progressively from us.
When you have made your final repayment, you own the equipment. |
| Chattel Mortgage |
You buy the equipment with a loan from Medfin.
We take a mortgage over the equipment.
When your last loan payment is made, Medfin releases the mortgage. |
1Medfin’s approval time frame is subject to credit assessment.
2Not supplied by Medfin.
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