Sustainable equipment loan
A business loan covering up to the full purchase price of eligible electric, hydrogen-fuelled or lower-emission vehicles and equipment, without a deposit.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
You can borrow to buy sustainable vehicles, materials-handling equipment, construction machinery, green generators or agricultural equipment. Westpac lists electric, hydrogen-fuelled and equipment with reduced or zero direct emissions as options, subject to its sustainable-asset assessment.
The minimum loan is NZ$15,000. Westpac can finance up to 100% of an eligible asset’s purchase price without requiring a deposit, with a loan term of up to five years. You must repay the money you borrow, with interest, over the agreed term; fees and charges also apply.
The business-borrowing establishment fee is up to 1% of the facility limit or loan amount, with a minimum charge from NZ$400. For fixed-rate borrowing, there is no administration fee for processing an early repayment, but a separate prepayment cost may apply under your loan agreement.
Eligibility
- New and existing customers can apply, but this product is for new loans only.
- Each purchased asset must meet Westpac’s sustainable-asset eligibility criteria, and every finance application is subject to its lending and eligibility assessment.
- The borrowing must be for business or investment purposes. Personal, domestic and household purposes are excluded.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- New loans only, for new and existing customers; lending and sustainable-asset eligibility criteria apply.
Call Westpac New Zealand on 0800 288 101 to discuss the Sustainable Equipment Finance Loan and apply, or complete its equipment finance enquiry form. An equipment finance specialist will contact you after you submit the form.