29A Portman Street Oakleigh 3166

info@portgroup.com.au

1300 768 998

Chattel Mortgage

A chattel mortgage is defined as an agreement between the customer (you) and the financier in which case you take ownership of the goods while the financier will secure a loan by adding a charge over the goods.

There are a number of benefits of these mortgages which include:

  • You can get 100% of the finance you need.
  • The goods are titled in your name.
  • The repayment schedules tend to be flexible and structured to suit your specifications.
  • At the end of a term a large lump sum payment can be arranged to quickly pay off the debt.
  • There are also tax benefits to a Chattel Mortgage if the goods produce a taxable income.
  • The term of a chattel mortgage is very flexible with max terms of 60 months.

Want to know more..??

Call us today on 1300 768 998 or write to us using our contact form to find out more about this service.