Get the latest, with Medfin’s Asset Finance to fit your budget
Finance for new equipment to provide the very best in patient care
While the demands of running a practice can vary, healthcare professionals are united by a common thread – the desire to provide the very highest standards in care. We understand that to deliver the best care, it’s important to regularly update your healthcare practice’s equipment.
We work with you to finance everything from small dental hand tools to large MRIs for a vet practice, new or used equipment, computers and office furniture. Together, we look at the medical equipment you need and create a repayment schedule that’s healthy for your budget.
Benefits you’ll enjoy with Medfin Equipment Finance
$0 deposit required ¹
The certainty of a fixed rate, means your repayments stay the same
Structured repayments to suit your budget and cash flow
Loans up to 7 years
Refinance equipment you’ve recently bought
No annual fee²
Healthy industry relationships
Since 1990, we’ve worked with a range of industry suppliers which means we can put you in touch with people with the right knowledge, equipment and ideas.
Specialist solutions for specialist equipment
We find the right financial solution for thousands of doctors, dentists, vets, and allied health professionals each year. When it’s time to think about new equipment or updating your interiors, our finance specialists are just a phone call away.
Frequently asked questions
What can Medfin equipment finance be used for?
It can be used to finance any medical equipment and technology you need in your practice for patient care. From the smallest dental device, medical sterilisation equipment, vet anaesthesia systems to the large scanners. Fixtures and fittings, consultation and waiting room furniture can also be financed to keep your practice up to date.
How does the equipment finance process work?
You can arrange pre-approved finance before you purchase or apply after you’ve found what you need. Medfin will arrange for the supplier tax invoice so you don’t have to worry about it. Then, when your finance is approved, you can sign the documents online. When we receive the signed documents, we’ll pay the supplier or reimburse you if you paid for the equipment.
What Assets Finance options are available?
There are three options available to you.
1. Finance Lease: Medfin buys the equipment and you make lease payments. A Lease is for an agreed amount and term.
2. Chattel Mortgage (also called an equipment Loan): You buy the equipment with a loan from Medfin. We take a security interest over the equipment. When your final loan payment is made, Medfin releases the mortgage.
3. 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.
How much can I borrow?
This depends on the amount of finance you need, what you need it for and your cashflow. With Medfin, it’s possible to borrow up to 100% of the purchase price of the equipment.
What if I already own the equipment?
If you paid cash to take advantage of a discount, or simply didn’t realise there was specialist finance available to you, Medfin can help. We can refinance the equipment you’ve bought recently, so that you can keep your cash flow for when it’s needed.
1. Provided eligibility criteria are met. 2. Other fees and charges may apply.
All facilities with Medfin and National Australia Bank Limited are subject to eligibility criteria, credit assessment and approval. Terms & conditions, fees & charges apply (available upon request).
Because we do not know your personal objectives, please consider whether these products and services are appropriate for your circumstances. Before acting on any of the information on this website, please seek independent financial and tax advice.