Asset Finance
- Our mainstream lending product. It is an agreement whereby you have title of the asset financed and RIFL register a charge over that asset as the loan security.
- From a taxation perspective, if the asset is used for business purposes, then your business can claim the interest charged on the loan and the depreciation of the asset against your pre-tax earnings. If you are registered for GST, you can claim back the GST on the tax invoiced price of the goods financed. (Confirm with your accountant).
- Asset Finance is a fixed interest rate product allowing you to confidently budget future payment costs. You conserve cash flow that could be used to invest in more productive and profitable areas of your business.
- RIFL tailor loan agreements to meet your cash flow requirements. Tailoring includes payments in advance or arrears, seasonal (monthly, quarterly or annual repayments) and/or periods of payment holidays, when you are normally cash flow stretched (e.g. November through January Christmas/New Year).
- RIFL also provide Master Asset Finance Agreements for clients requiring multiple ongoing asset acquisitions. The Master Agreement provides for directors and guarantors to sign only once and their common seal affixed only once. All financing thereafter is undertaken through the execution of a one‐page schedule by an Authorised Signatory (appointed by the director/principals of your business) for all future requirements. This avoids onerous paperwork and the inconvenience of having directors and guarantors together every time you need to finance another asset.
- Trucks and Transport
- Earthmoving
- Agriculture
- Mining and Quarry
- IT and Office
- Marine
- Aircraft
- Medical