Drilling a hole in metal, wood or any other material, drilling for foundations, drilling on the surface or drilling deep below the earth or ocean – whatever you’re work involves, Jade Equipment Finance offers great drilling equipment loans.
As an experienced equipment finance broker, we provide commercial loan products for the purchase of drilling equipment in any industry. Depending on your business structure and financial goals, we offer Chattel Mortgage, Equipment Lease, CHP and Equipment Rental. Accredited with many banks and lenders, we have the capabilities to dive deeper into the finance sector to source the most effective loan for your drilling equipment purchase.
Loans are available for all types of drilling equipment. Upright, radial, sensitive, and special purpose drilling machines, mobile drilling units, surface drill rigs and specialised drilling equipment for oil and gas rigs.
Better Interest Rates
The clear differentiation between Jade Equipment Loans for drilling equipment and those from other sources is clearly our low interest rates. Sourcing better interest rates is not only our company’s signature feature but a commitment we have stood by since our business was established.
How we consistently deliver better interest rates is a question we are regularly asked. The answer – this is our business, our consultants are trained and experts in this field, we have superior negotiating skills and we have bargaining power as we bring so many customers into the market.
But the interest rate is only one component of a commercial loan products. If you can’t negotiate the term of the loan, residual and other factors, then the significance of the interest rate pales. If you apply for a drilling equipment loan at your bank, chances are they won’t have a loan category for drilling equipment. You’ll more likely be offered a generic ‘business equipment’ loan and if they don’t full grasp what work you do, you could attract a higher interest rate or other strict conditions.
As brokers, we go into bat for you, our client, and we negotiate terms and conditions that suit you. We don’t ask you to fit into the cookie cutter conditions of the banks’ generic loan categories.
Loan terms depend on the type of loan - some up to 7 years – and how you would like to vary that term to reduce or increase the monthly repayments. Increase the loan term to achieve a lower monthly repayment, shorten the loan term to increase the monthly repayment and have your drilling equipment paid off earlier. These are decisions that your Jade consultant will discuss in detail with you and structure your drilling equipment loan accordingly.
Speak with a Jade Consultant to discuss a financing solution for your drilling equipment. Call 1300 000 003