Resimac is an established non-bank specialist lender offering asset finance solutions to Australian businesses, including equipment finance, commercial vehicle loans, and chattel mortgages. As a non-bank lender, Resimac often considers applications with more flexible criteria than traditional banks, potentially making them suitable for businesses with unique circumstances, specialist assets, or scenarios outside mainstream lending guidelines. Rates and terms vary based on individual business circumstances and asset types.
Businesses considering Resimac should compare options from multiple lenders to ensure they secure the most competitive terms for their specific situation.
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About Resimac Asset Finance
Resimac is a non-bank financial services provider operating in the Australian lending market since 1985. The company offers various finance products including home loans, business finance, and asset finance solutions for commercial purposes.
As a non-bank lender, Resimac operates outside the traditional banking system while maintaining appropriate regulatory standards. This positioning allows them to potentially offer alternative assessment criteria, consideration of circumstances outside standard bank guidelines, and specialist expertise.
Resimac’s asset finance division focuses on commercial lending for business equipment, vehicles, and machinery. Understanding the range of lenders available helps businesses identify suitable asset finance options for their specific circumstances.
Resimac Product Range
Resimac typically offers several asset finance structures to accommodate different business needs and equipment types.
Equipment Finance
Resimac provides finance for various business equipment including manufacturing machinery, construction tools, commercial technology, and professional equipment like medical and dental tools. For businesses exploring these options, comparing equipment loan structures from multiple lenders helps identify the most suitable solution.
Commercial Vehicle Finance
Resimac offers finance for various commercial vehicles, including delivery trucks, commercial utes, refrigerated transport, and service vehicles. Businesses financing such assets should consider comparing Resimac alongside other truck and commercial vehicle finance specialists.
Chattel Mortgage
Resimac provides chattel mortgage structures for businesses seeking ownership from day one, tax-effective financing, and flexible repayment terms. Learn more about chattel mortgage structures and benefits to understand if this approach suits your business.
Finance Lease Options
Resimac may also offer lease structures that provide equipment access without immediate ownership and offer flexibility at the end of the term. Understanding the differences between chattel mortgage and lease structures helps determine which approach aligns with your business strategy.
Non-Bank vs Bank Lending
Understanding the distinction between non-bank lenders like Resimac and traditional banks helps businesses identify which lender types may suit their circumstances.
Non-Bank Lender Characteristics
Non-bank lenders often use different assessment criteria than major banks, potentially considering:
đź“ť Assessment Flexibility
They may consider alternative documentation, unique business circumstances, and specialist asset types.
⚙️ Specialization
They frequently specialize in particular finance types or industries, developing deep expertise.
⏱️ Decision Processes
Some non-bank lenders maintain streamlined and less bureaucratic decision processes.
Traditional Bank Characteristics
🏛️ Established Infrastructure
Major banks offer a long-standing market presence, extensive branch networks, and comprehensive product ranges.
đź“‹ Standard Criteria
Banks typically maintain clear eligibility guidelines, standard assessment processes, and conventional documentation requirements.
The most suitable lender depends entirely on your specific circumstances. Modern comparison platforms allow you to compare rates from both bank and non-bank lenders simultaneously.
Who Might Consider Resimac
Certain business profiles or asset types may make Resimac a particularly relevant option to explore.
Consider exploring Resimac if your business fits one of these profiles:
- Businesses with unique circumstances: This includes those with trading patterns outside standard banking criteria, newer businesses, or self-employed applicants. For self-employed individuals, understanding ABN loan options across multiple lenders is beneficial.
- Growing and developing businesses: Companies expanding operations, upgrading equipment, or scaling up capacity may find their flexible approach suitable.
- Businesses seeking alternatives: Companies looking for options beyond their current bank or those with unique or specialist asset types.
Resimac Application Process
While processes vary, the general application steps with a non-bank lender like Resimac follow a typical path from enquiry to settlement.
- Initial Enquiry & Application: Provide basic business and equipment details to complete the formal application.
- Assessment: The lender reviews the application, financials, and credit history. An equipment valuation may be required.
- Approval and Documentation: A conditional approval is provided, followed by finance documents for review and signing.
- Settlement: The lender pays the supplier, you take possession of the equipment, and repayments commence.
Non-bank lenders like Resimac may consider standard documentation (tax returns, financial statements) or alternative documentation (bank statements, BAS statements) depending on the circumstances.
Rates and Terms Considerations
Asset finance rates from any lender are determined by a combination of business, asset, and loan structure factors.
Key rate determination factors include:
🏢 Business Factors
Trading history, financial strength, cash flow, and credit history.
đźš› Asset Factors
Equipment type, age (new vs. used), condition, and resale value.
đź“„ Loan Structure
Loan amount, term length, deposit size, and inclusion of a balloon payment.
Asset finance rates in Australia generally range from 6-14% p.a. as of 2025. Actual rates depend entirely on an individual assessment, so it is critical to obtain personalized quotes.
Comparing Resimac with Other Options
Resimac is one option among many in Australia’s diverse asset finance market, which includes major banks, other non-bank specialists, and smaller finance companies. Comprehensive comparison is essential to secure the best terms. Different lenders offer different rates, have varying credit appetites, and provide different structural flexibility.
Modern comparison platforms allow you to submit a single application to see personalized quotes from multiple lenders side-by-side, without impacting your credit score during the comparison stage.
Compare Your Asset Finance Options
While Resimac may be suitable for your circumstances, comparing options from multiple lenders ensures you secure the most competitive rates and terms available. The only way to truly know which lender offers the best deal is to compare personalized quotes.
Compare Asset Finance Options Now
By comparing Resimac alongside traditional banks and other specialist lenders, you ensure you’re securing competitive terms suited to your business’s unique circumstances and equipment requirements.
Related Resources
Explore these related guides to learn more about business asset financing options:
Disclaimer: This guide provides general information about Resimac asset finance and the Australian asset finance market. Information about Resimac’s products, services, rates, and criteria may change and should be verified directly. This article does not constitute an endorsement or recommendation of Resimac or any other lender. Interest rates, fees, terms, and eligibility vary by lender and individual circumstances. Always compare multiple lenders and consult qualified professionals before making financing decisions. All finance applications are subject to lender credit assessment and approval.
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Last updated: October 3, 2025