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Truck Finance & Leasing Interest Rates

12 May Today's
best rate
Finance Trucks From
3.49 %
*The Interest Rate is calculated on a Secured Loan for business use, effective 18/05/2022 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Truck Loan Rates – See How Different Loan Products Compare

Jade works hard to find you better interest rates that form the basis for our cheap truck loans. We have set up this comparison calculator so you can quickly and easily see how interest rates compare with other products and what monthly repayments those rates represent. Enter a loan amount and loan term and see how the repayments are auto-calculated for quick comparison purposes.

Loan Amount
Loan Term
New Equipment Loan
Monthly repayment
Used Older Secured Equipment Loan
Monthly repayment
Business Loans - Unsecured
Monthly repayment
Business Loans - Secured
Monthly repayment
Overdraft - Non Bank
Monthly repayment
Chattel Mortgage
Monthly repayment
Operating Leases
Monthly repayment
Commercial Hire Purchase
Monthly repayment
Rent To Own
Monthly repayment
Loan Product Interest Rate
Starts at:
Monthly Repayment
New Equipment Loan 2.79%
Used Older Secured Equipment Loan 4.50%
Business Loans - Unsecured 7.99%
Business Loans - Secured 2.95%
Overdraft - Non Bank 9.95%
Chattel Mortgage 2.79%
Operating Leases 4.60%
Commercial Hire Purchase 2.79%
Rent To Own 9.95%
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Disclaimer: This table displays repayment estimates for different commercial finance products at current interest rates as advertised by Jade Truck Loans and other Jade businesses. The repayment is an estimate only as it may not include the fees and charges which may be applied by lenders. The figure shown may vary from any quote you are offered. Use of this device is not a finance quote, not a finance offer and not a finance application. 

Truck Lease & Financing Rates

Interest rates are only one component in deriving your overall truck financing package, but are a very critical element. When you will be paying off your truck over 3, 4, 5, 6 or even 7 years, a small difference in the interest rate today, can make a massive difference in your hard-earned money over the term of your loan. And that means profit to your business. As experienced truck finance brokers, we're working for you and we work hard for you to get the best lease & financing rates for your loan.

And we will not waste your time and ours by doing the deal-dance. We will give you our best truck loan offer at the best interest rate straight up and first up.

Cheaper Truck Finance Interest Rates

We say it often and resolutely ... we do not like being beaten or bettered on rates by anyone. When you are seeking heavy vehicle loans, do not make your decisions based purely on the interest rates you see in your general research, what your mates tell you or what your bank quotes you. As financial brokers, we have access to a huge variety of lenders, many leading financial institutions and many other more specialised businesses that are available only to the industry. With this level of access, we have more options to get you a better, cheaper interest rate for your truck loan.

Interest Rate Determining Factors

From the big picture perspective, interest rates on truck loans vary from lender to lender because lenders vary in their areas of speciality, loan application guidelines, ability to source their own funds, how each institution actually prices their truck loans and general global economic conditions. Focussing in on the smaller perspective, your perspective, there are a range of factors which determine the interest rate that you will be offered for your truck loan:

Whether or not an institution actually offers specialised business equipment financing products, especially heavy vehicle transport lending suited to the heavy vehicle you wish to purchase.

Understanding and knowledge of the trucking industry environment.

Your individual/business credit profile and risk assessment.

How old the goods are could effect your interest rate

How much you are borrowing sometimes effects what interest rate is charged

The term of the loan often effects the financial rate.

Add to that, negotiation skills and bargaining power!

Truck Finance Broker | Best Truck Loan Rates

Jade is a specialist heavy vehicle finance provider. We have that in spades with over 20 years of experience in arranging the best truck loans at the best interest rates. Whether you are a self-employed owner-operator, a small 2-3 vehicle business, or a large fleet operator, Jade will source you the best interest rates for your trucking loan. Think of all those kilometres you'll be doing to wonder if you did get the best deal and regret it if you don't speak with a Jade consultant for a quote on your heavy vehicle credit amount. To get the best interest rates, you only need to make one call 1300 000 003 and a Jade Consultant will be on the job for you.

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Request a free finance quote by calling 1300 000 003 or directly online.

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Truck Finance Rates FAQs

The interest rate is a critical component of a loan which is why Jade is committed to our cheaper interest rate policy. Interest rates in general can both fascinate and confuse as the rates vary for different types of purchases and between consumer and business finance. In this section we’re expanding on the information provided on our web pages with answers to specific questions. If you have further questions, please send them to us via email or phone for a direct response.

How are interest rates derived?   

From a big picture point of view interest rates are derived based on a range of factors which include the official cash rate in Australia that is set by the Reserve Bank, global economic conditions and financial markets. Focussing more on the Australian lending market and banks and other lenders set their interest rate based on their costs to acquire their funds which is partially set by the official cash and their exposure and interest in specific sectors. Some lenders may focus purely on home loans while others provide more broad-based lending. In regard to truck loans,there are many banks and non-bank lenders. Some of the non-bank lenders specialise in heavy equipment finance and they can be more flexible with interest rates on trucks as they have a deeper understanding of the market.


Are interest rates fixed or variable for truck loans?   

Most Truck Loans are secured loans established at a fixed interest rate. Chattel Mortgage, Leasing, CHP and Rent to Own are all secured. This is consistent across loans for all types of trucks and for special category loans such as No Docs and Low Docs Truck Loans.A fixed interest rate means that the interest rate on a particular loan remains at the rate offered when the loan was established through the entire loan term. The rate will not change regardless of what happens with the official cash rate or economic conditions. 


Is the interest rate the same for new loans and refinancing?   

If you are comparing like with like, then the interest rate should be the same. That is if the same business applied for a loan to purchase a truck and applied to refinance a truck of a same age and condition with the same loan product, then the interest rate should be the same.Essentially refinancing is sourcing a loan for a second hand truck. You may have purchased it new but if you are part-way through a loan, then the truck would be used which may attract a higher interest rate because of the age of the asset is now older - depending on the bank or lender.

Will I need to review my loan if RBA interest rates change?   

No.When the RBA cuts rates that primarily relates to home loans which are structured differently from business finance such as secured truck loans. Most heavy vehicle lending are on a fixed interest rate, your interest rate will remain at the level for the entire term of your loan.There would be no necessity to review your loan when you hear reports of interest rate changes. If a business took out a loan several years ago for instance at a much higher interest rate and they still have several years to run on their loan, they may consider reviewing their loan with a view to refinancing with a loan at the current low rate.

Is the interest rate the same on all loan products?   

Not necessarily. The interest rate across the loan products offered - Chattel Mortgage, Leasing, CHP and Rent to Own can vary. This is due to certain aspects of the loan structure and conditions of the different types of loans. Chattel Mortgage can offer the cheapest rates while Rent to Own may attract a higher rate. Any variations in interest rates should be considered against the taxation and other benefits derived from individual loan products to a business. Discussing with your accountant which loan type will deliver the best overall outcome for your business is highly recommended.

Can Jade get cheaper interest rates than I can source myself?   

There are numerous reasons how Jade achieves cheaper interest rates and cheaper loans than individual businesses can achieve when the handle their truck loan on their own. We’ll cover off on a few key points and we’re happy to elaborate further in conversation with you, We are accredited with multiple banks and lenders and have an impressive standing in the finance sector. The amount of business we write in heavy vehicle loans gives us the bargaining power to negotiate on interest rates in a way that a business approaching say a bank themselves could hardly match.We are professionals in this space and have the in depth expertise and experience to know where to go for the best offers. We are accredited with many non bank lenders that only work directly through lenders and brokers such as us industry only sources, which offer more choices in rates offered. Our consultants are skilled negotiators and have strong connections and networks in the finance sector.

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