How it works

Easy application, fast approval

Our application process is easy and we respond quickly. If you need any help our staff are always available to chat via email or over the phone.

No deposit necessary

As part of our commitment to flexibility, we are able to offer equipment finance solutions on a no-deposit basis. Whether you are looking to switch from an existing finance agreement or are new to the field, we are committed to offering simple payment terms that work for you.

100% finance solutions

We can finance the total cost of your new equipment regardless of cost, giving you the freedom to make the most of your working capital.

About IKAP

IKAP is a lending organisation that cares for the needs of small business owners. Having dedicated many years to serving Australia’s small business community, we have witnessed first-hand a major shift in the finance landscape as obtaining funds through traditional means has become increasingly difficult and stressful. It is for this reason that we have made it our mission to provide a better alternative.

We dedicate our time only to small businesses and understand that every business and person is different. As your friendly local lender, we take the time to understand your business and provide a tailored solution to help your business.

Types of loans

Secured Loan

Also known as a Chattel Mortgage, this loan is similar to a typical home loan where the assets act as security against the loan. You make fixed payments and when the final payment is made, the security over the assets is automatically released.

You can tailor your loan payments by choosing the term (up to 5 years) and include other options such as a deposit or a larger final instalment or balloon.

Because you own the assets you may be able to claim depreciation in the same way as other assets acquired by your business. Also the interest component of the repayments may be claimed as a tax deduction.

Rental agreement

Keep your business assets up to date without tying up working capital. Under this arrangement, we purchase the assets and you agree to rent or hire them for a period of time. You do not own the assets but may use the freely. This is great option for assets you may not want to continue to use or can freely upgrade to new equipment.

At the end of the agreement you may return the assets to us with no further payments. If instead you wish to continue using the assets, you may continue to rent for a short period or, in some cases, purchase the assets.