Do I need a large deposit for an excavator loan if I am not a homeowner?

Not necessarily. While a 10-20% deposit is common to reduce lender risk for non-homeowners, established businesses with strong bank statements may still qualify for low-doc or competitive no-deposit options.

No Property? No Problem: Securing a $250k Excavator Loan

Q: Can I get an excavator loan if I don't own a house?

Yes. Specialist lenders in Australia provide asset-backed finance where the excavator itself serves as the security for the loan. This allows business owners to grow their fleet without needing to use personal real estate as collateral.

Q: What is the maximum I can borrow for heavy machinery without property?

While limits vary, we have successfully secured excavator loans as high as $250,000 for clients with zero property ownership. Approval is based on the quality of the asset and the business's cash flow.

finwaveau
Apr 9, 2025
1 min read

Updated: Mar 10

https://video.wixstatic.com/video/6a1c6f_d0b77552b90743f89fa5bd3faf9b5d5c/1080p/mp4/file.mp4

The banks told this customer no, we turned that no into a $250,000 excavator loan with no property ownership.

Frequently Asked Questions: Excavator Finance Without Property

Can I get an excavator loan if I don't own a house?

Yes. Many specialist lenders in Australia provide asset-backed finance where the excavator itself serves as the security for the loan. This allows business owners to grow their fleet without needing to use personal real estate as collateral.

What is the maximum I can borrow for heavy machinery without property?

While every case is different, we have successfully secured loans as high as $250,000 for earthmoving equipment based purely on the asset and the business's cash flow. Lenders will typically assess the machine's age, type, and your business's trading history.

Do I need a large deposit for an excavator loan?

If you don't own property, a lender may look for a deposit (often 10–20%) to reduce their risk. However, for established businesses with strong bank statements, low-doc or even no-deposit options may be available depending on the lender's criteria.