Quick Answer
Choosing between Dynamoney and Flexicommercial for Dynamoney asset finance or Flexicommercial’s offerings involves comparing their specific strengths, eligibility, and rates for Australian businesses in 2026. Both are established non-bank lenders offering chattel mortgages, commercial hire purchase, and finance leases for equipment like commercial vehicles and machinery. Dynamoney often caters to a wider range of credit profiles and industries, while Flexicommercial, backed by FlexiGroup, is known for competitive rates for strong businesses and flexible solutions. Modern comparison platforms like Loan Phone enable businesses to quickly assess options from both Dynamoney and Flexicommercial alongside 100+ other lenders, ensuring a tailored solution for their specific asset finance needs.
| Business/Borrower Profile | Dynamoney Indicative Rate | Flexicommercial Indicative Rate | Common Use/Equipment |
|---|---|---|---|
| Established (2+ years, strong financials) | 8-12% p.a. | 7-11% p.a. | Commercial vehicles, heavy machinery, medical equipment |
| Standard (1-2 years trading) | 10-14% p.a. | 9-13% p.a. | Light commercial vehicles, IT equipment, fit-outs |
| Developing/Newer or Specific Challenge | 12-16%+ p.a. | 11-15%+ p.a. | Specialist equipment, unique business models |
Rates are indicative examples only. Actual rates depend on individual circumstances and lender assessment.
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By the Loan Phone team · Reviewed by Anthony Moncada, M.App.Fin, Cert IV Finance & Mortgage Broking, Director
Dynamoney vs Flexicommercial: Understanding Your Options
Australian businesses constantly need to acquire new equipment, vehicles, and technology to grow and remain competitive. Asset finance provides a crucial pathway to secure these vital assets without tying up valuable working capital. However, navigating the landscape of lenders, each with unique offerings, can be complex. When considering Dynamoney asset finance or Flexicommercial’s solutions, business owners face the challenge of determining which lender best aligns with their specific needs, financial situation, and the type of asset they wish to acquire.
This guide provides a detailed comparison of Dynamoney and Flexicommercial, two prominent non-bank lenders in the Australian market. We’ll break down their offerings, highlight key differences, and explain how a comparison platform like Loan Phone can simplify your decision-making process, ensuring you secure the most suitable and competitive asset finance for your business in 2026.
Who Are Dynamoney and Flexicommercial?
Before diving into a direct comparison, it’s helpful to understand the background and focus of each lender. Both play significant roles in the Australian non-bank lending sector, providing alternatives to traditional bank financing.
Dynamoney Overview
Dynamoney is a specialist non-bank lender that focuses on providing flexible asset finance solutions to a broad spectrum of Australian businesses. They aim to support small to medium-sized enterprises (SMEs) with diverse credit profiles, including those who may not meet the stringent criteria of major banks. Dynamoney offers a range of products, primarily chattel mortgages, commercial hire purchase, and finance leases, for various business assets. Their approach often involves a more personalised assessment of a business’s circumstances, looking beyond just credit scores to understand viability. For businesses seeking options outside traditional lenders, Dynamoney can be a valuable partner.
Flexicommercial Overview
Flexicommercial is a division of FlexiGroup (now known as Hummgroup), a well-established financial services company in Australia. Backed by a larger corporate entity, Flexicommercial leverages its resources to offer competitive asset finance products. They cater to a wide array of businesses, from sole traders to larger corporations, providing solutions for equipment, vehicles, and technology. Flexicommercial is known for its streamlined application processes and a focus on delivering value through competitive rates for strong applicants, while also offering flexible terms for different business scenarios. They are a strong contender for businesses looking for efficient and well-structured finance.
Asset Finance Products Offered
Both Dynamoney and Flexicommercial primarily offer the core asset finance structures common in Australia. Understanding these structures is crucial for any business owner. For a deeper dive into these options, explore our comprehensive Asset Finance Australia guide.
Chattel Mortgage
A chattel mortgage is a popular finance option where the business immediately takes ownership of the asset upon purchase, and the lender takes a ‘mortgage’ over the asset as security. Once the loan is repaid, the security is released.
- Key Features: Immediate ownership, potential for upfront GST input tax credits (subject to ATO guidelines), ability to claim depreciation and interest as tax deductions. Learn more about chattel mortgage tax benefits.
- Common Use: Commercial vehicles, construction machinery, medical equipment.
Commercial Hire Purchase (CHP)
Under a Commercial Hire Purchase agreement, the lender purchases the asset on behalf of the business and then ‘hires’ it to the business over a set term. The business has full use of the asset during the term, and ownership is transferred upon final payment (or exercise of a purchase option).
- Key Features: Ownership transfer at the end, fixed repayments, GST input tax credits often claimed over the loan term.
- Common Use: Similar to chattel mortgages, often chosen for specific accounting preferences.
Finance Lease
A finance lease allows the business to use an asset for a set period in exchange for regular lease payments. The lender retains ownership of the asset throughout the lease term. At the end of the term, the business typically has options to purchase the asset for its residual value, return it, or re-lease it.
- Key Features: Off-balance sheet financing (in some cases), fixed payments, no upfront capital outlay.
- Common Use: High-value equipment, technology that depreciates quickly.
Key Differences: Dynamoney vs Flexicommercial
While both lenders offer similar product types, their target markets, flexibility, and overall approach can differ significantly.
Target Market & Flexibility
- Dynamoney: Often more accommodating to businesses with less-than-perfect credit histories or those in industries considered higher risk by traditional banks. They are known for their flexible assessment criteria and willingness to look at the overall business story rather than solely relying on automated credit scoring. This makes Dynamoney asset finance a viable option for newer businesses or those with specific challenges. Their low-doc equipment finance options are a strong point.
- Flexicommercial: While also serving a broad market, Flexicommercial typically offers its most competitive rates to established businesses with strong financial positions. They can be very flexible with terms and balloon payments, but their core strength lies in providing efficient, well-priced solutions for lower-risk applicants. However, they also have options for growing businesses.
Interest Rates & Fees
- Dynamoney: Due to their broader risk appetite, Dynamoney’s indicative interest rates may be slightly higher than those offered by major banks or for the strongest profiles at Flexicommercial. However, their rates are competitive within the specialist non-bank sector, particularly for businesses that might struggle to secure finance elsewhere. Fees are generally transparent and outlined upfront. Indicative rates are typically between 8-16% p.a. (indicative only).
- Flexicommercial: Often highly competitive, especially for well-qualified businesses. Their backing from Hummgroup allows them to offer attractive rates. They typically have clear fee structures, which are comparable to other tier-2 lenders. Actual rates and fees are subject to individual assessment and the specific asset being financed. Indicative rates are typically between 7-15% p.a. (indicative only).
Application Process & Speed
- Dynamoney: Known for a relatively straightforward application process, often with faster turnaround times than major banks for complex scenarios. Their manual assessment can mean a slightly longer initial review but can result in approvals where others decline. This makes Dynamoney asset finance an option for quick processing when traditional routes are slow.
- Flexicommercial: Prides itself on a streamlined, technology-driven application process, often leading to quick indicative approvals for straightforward applications. Their efficiency is a key selling point for businesses needing rapid access to funds for equipment acquisition. Businesses needing commercial equipment loans often value speed.
Asset Types Financed
Both lenders finance a wide range of business assets, including:
- Commercial Vehicles: Trucks, vans, Utes, trailers (see our Commercial Vehicle Finance guide).
- Heavy Machinery: Excavators, loaders, dozers (explore Machinery Finance options).
- IT Equipment: Servers, computers, software.
- Office Fit-outs: Furniture, fixtures, internal renovations.
- Medical & Dental Equipment: Specialist machinery for healthcare practices.
While both are broad, Dynamoney’s flexibility might extend to slightly more niche or older assets if the business case is strong. Flexicommercial generally prefers newer, more liquid assets but is also very comprehensive.
Eligibility Criteria Comparison
Eligibility criteria are crucial for securing asset finance. While specific requirements vary by loan amount, asset type, and industry, here are general guidelines for both Dynamoney and Flexicommercial.
Business Age & Trading History
- Dynamoney: Often considers businesses with a shorter trading history, sometimes down to 6-12 months, especially if there’s strong cash flow or prior industry experience. They are a good option for startups or newer SMEs, including ABN under 2 years equipment finance applicants.
- Flexicommercial: Typically prefers businesses with at least 12-24 months of trading history, demonstrating stability. However, they can be flexible for strong applicants or those with significant prior experience.
Financial Health & Credit Score
- Dynamoney: Known for working with businesses that may have minor credit blemishes or limited credit history. They focus on current cash flow and the overall strength of the business rather than just a credit score. If you are looking to improve your credit score, Dynamoney might be a viable option in the interim.
- Flexicommercial: Generally seeks businesses with a good credit history and healthy financials to offer their most competitive rates. They do have options for various credit profiles but may offer different terms for higher-risk applicants. If you’re unsure about your credit score, get in touch – we can help you find out.
Required Documentation
Both lenders aim for a streamlined process, but documentation helps them assess risk.
- Common Requirements: ABN, details of the asset, business bank statements (3-12 months), financial statements (for larger loans or newer businesses), and identification for directors/partners.
- Differences: Dynamoney might request additional context or explanations for financial anomalies, reflecting their personalised assessment. Flexicommercial’s process is often more automated for standard applications.
Making the Right Choice for Your Business
Choosing between Dynamoney and Flexicommercial depends heavily on your unique business profile and financial needs. Using a finance broker can significantly streamline this process.
When Dynamoney Might Be a Better Fit
- Newer Business: If your business has less than 12 months trading history.
- Complex Scenarios: If you have minor credit issues, a unique business model, or are in an industry perceived as higher risk.
- Flexible Assessment: You prefer a lender who will look beyond strict financial metrics to understand your business’s potential.
- Specific Asset Needs: If you’re financing a slightly older or more niche asset.
When Flexicommercial Might Be a Better Fit
- Established Business: If you have 2+ years of trading history and strong financials.
- Competitive Rates: You are seeking the most competitive interest rates for a well-qualified application.
- Efficiency & Speed: You need a quick, streamlined application and approval process.
- Broad Asset Coverage: You’re financing common commercial vehicles, machinery, or IT equipment and value a robust lender with a wide range of solutions.
The Loan Phone Advantage: Comparing Dynamoney, Flexicommercial, and 100+ Lenders
While comparing Dynamoney and Flexicommercial directly is a good start, it only scratches the surface of the Australian asset finance market. Modern comparison platforms like Loan Phone offer a significant advantage for businesses seeking the best finance solution.
Fast Online Comparison - See personalised options from 100+ lenders, including major banks like CBA, NAB, Westpac, and ANZ, as well as specialist non-bank lenders such as Pepper, Resimac, Liberty, Selfco, Azora, Finance One, Lumi, Capify, and Prospa – all in one place. This ensures you’re not missing out on potentially better rates or more flexible terms for your equipment finance options.
Specialist Support Available - Our technology-driven platform is complemented by expert broker support. If your situation is “left-of-centre” or complex, our team can provide tailored guidance and leverage relationships to secure finance even for tricky scenarios.
Efficient Processing - We streamline the application process, reducing paperwork and accelerating decision-making, allowing you to focus on your business while we handle the finance.
Free, No Credit Impact - Use our comparison tool with no effect on your credit score, giving you peace of mind to explore your options.
Frequently Asked Questions
What types of assets can I finance with Dynamoney or Flexicommercial? +
Both Dynamoney and Flexicommercial offer finance for a wide array of business assets, including commercial vehicles (trucks, vans), heavy machinery (excavators, forklifts), IT equipment, office fit-outs, and even specialised medical or dental equipment.
Do Dynamoney and Flexicommercial offer low-doc asset finance? +
Yes, both lenders may offer low-doc options for eligible businesses, particularly for smaller loan amounts or for businesses with strong trading history but limited financials. These options typically require less documentation than traditional applications. You can explore low-doc equipment finance for more details.
How do their interest rates compare to major banks? +
Dynamoney and Flexicommercial, as non-bank lenders, typically offer rates that are competitive within their segment, especially for businesses that don't fit major bank criteria. For very strong, established businesses, major banks like NAB or Westpac might offer slightly lower rates, but non-banks often provide greater flexibility. See Interest Rates & Fees for more detail.
What are the typical loan terms available? +
Both lenders generally offer flexible loan terms ranging from 1 to 7 years, depending on the asset type, its expected useful life, and the borrower's financial profile. Longer terms can result in lower monthly repayments but higher overall interest paid.
Can I finance a used asset with Dynamoney or Flexicommercial? +
Yes, both Dynamoney and Flexicommercial finance used equipment and vehicles, though age restrictions (typically 10-15 years maximum age at end of term) and condition assessments apply depending on equipment type and condition. This flexibility is key for businesses looking for cost-effective solutions.
How quickly can I get approved for asset finance? +
Initial credit decisions for straightforward applications may be provided within 24-48 hours by both lenders, though this refers to the approval decision itself. Complete settlement timeframes vary based on documentation execution speed and vendor coordination. Loan Phone's streamlined system can help accelerate this process.
What makes a comparison platform like Loan Phone better than going direct? +
Comparison platforms like Loan Phone provide access to 100+ lenders simultaneously, including Dynamoney and Flexicommercial, allowing businesses to compare chattel mortgage, hire purchase, and lease options from multiple providers to find the most competitive rates and terms without impacting their credit score. This saves time and ensures a tailored solution.
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Related Resources
Explore these related guides for business owners and ABN holders:
Disclaimer: This article provides general information only and should not be relied upon as financial or tax advice. Rates, terms, and eligibility vary by lender and individual circumstances. Tax benefits are subject to your specific business structure and circumstances. Always seek independent professional advice from a qualified accountant and financial adviser before making financing decisions.
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Last updated: 2026-08-29