<br />

Mining Finance

Trying to obtain Mining Equipment Finance can be tough, especially when you need the right mining equipment to run the business profitably and successfully. As specialist Mining Equipment Finance Brokers who take the time to research and understand the mining industry we know we are best suited for your business growth.

We can then act on your behalf to secure you the best available mining finance packages possible across a large number of banks & lenders in the Australian market. Our service saves you time and money as we handle the entire process for you achieving the best loans for your business and quickly! If you’re in the mining industry, we understand the pressures of sourcing loans for your equipment and we are here to help.

How can YAKKA Finance help you and your business moving forward?

Looking at purchasing a Dump Truck, Mine Spec Vehicles, Underground Loader, Continuous miner or any other piece of mining equipment. We’re here to help!

We come to your mining site, meet face to face, discuss your options and arrange the most appropriate finance solution

We work after hours and take your call as we know your days are extremely busy. It’s our value and promise to you when the banks won’t

Get pre-approved mining facility’s set up for future purchases. Once set up all we need is a Tax Invoice for your next mining purchase

Wanting to import a large piece of equipment from overseas? We can arrange Import/Trade Finance on your mining equipment to get it on our shores

Excellent Rates for your Mining Equipment

We can secure loans for purchases from both Mining Equipment Dealer & Private Sales selling their used mining equipment

No Deposit Loan Options* available on all mining equipment purchases

We will handle all the paperwork and dealing with the banks to secure you the best deal

*Conditions apply. Subject to credit approval.

We are available at all hours to take your call. Please contact Scott on 0401214427 or by email at scott@yakkafinance.com.au

Frequently Asked Questions

Why should I use Yakka Finance to help with my purchase?

Yakka Finance are specialists in Mining Equipment Finance for many reasons. We know the mining industry back to front and are knowledgeable on all the gear required to complete the job. We take the time to know every banks rates and policies to make your application process informative, cost effective and effortless. Having one point of contact for all your business purchases is a great feeling and we pride ourselves on delivering that promise.

In our experience from our clients when comparing ourselves with the banks is that we will take on any piece of equipment you are wanting to finance no matter what your situation and we strategically know how to grow your business as quick or as slow as you need. Our selection of a wide variety of lenders is there to fit every customer that engages in our services and de-risk themselves by being owned by one bank. Let us assist you and show you the Yakka Finance Difference.
What types of mining equipment do you finance?
We have helped many of Australian mining businesses with their equipment purchases these include:
- Dump Trucks
- Excavators
- Prime Movers
- Drilling Rigs
- Continuous Miners
- Mine Spec Utility Vehicles
- Loaders
- Crushers
- Screens
- And many more!
What determines the interest rate?
The question we always like to highlight and educate our clients about is what actually dictates the interest rate the bank charge. Here are a few key variables in how the interest rate can change.
1. How long you have been in business for e.g. New Mine or Established Mine
2. If you are purchasing from a dealer/supplier or from a Private sale
3. What year build the mining equipment is. For instance: A brand new dump truck would have a much better rate to a 1999 Model Dump Truck
4. Your Industry experience and profitability of the mine
5. What materials you are mining and the longevity
6. How specialised your mining equipment is
How much can I borrow?
How soon can I get approved?

We pride ourselves on fast approvals. We can have confidence in saying that we can get you approved in as little as 2 hours. Having strong relationships with every bank due to the volumes we give them and how well we put together our applications ensures faster turnaround times. Realistic turnaround times on the average application at Yakka Finance are between 6-48 Hours depending on your specific application. Larger and more structured equipment finance deals for mining please allow for 3-4 days. If you want to see how fast we can move call us today!
Why don't I just go direct to my bank for the finance?
Although we are more than happy for you to go to your bank to obtain the finance we know that it almost always doesn’t deliver the best outcome for your business. Here are the key reasons why:
1. You could end up going to the wrong bank who would charge you a much higher interest rate and make you jump through a lot more hoops for your approval. Yakka get an understanding of your business and what you are purchasing and then take you to the most appropriate bank
2. It’s important to spread your loans across multiple banks. Why? It means that one bank never owns your business and instead we have multiple banks fighting for your business instead. This lowers rates and lets you dictate how you run your business and not the banks
3. One bank will have a better rate than another bank depending on what mining equipemnt you purchase
4. You will spend a lot more of your own valuable time putting an application together from the bank with no idea if you will get an approval until it’s too late
5. You will always have one point of contact for every equipment purchase you do for your bsuiness. Staff always change in banks as new roles are given. Dealing with Yakka you will have the comfort of someone that knows your business back to front and have your best needs in mind.
6. Save hits on your Credit File that were unnecessary. If you go to your bank and they decline you it’s a hit on your Credit File. We pride ourselves on having absolute confidence on an approval before submitting. This save mutliple hits on your Credit and keeps your business running smoothly.
What if I have a bad credit rating?

In life sometimes things don’t go your way. With most of our clients if they get a Default on their file there is normally a good reason behind the default and why it’s there. Some people are unlucky with Energy Bills when they change of address, have a dispute on a Phone Bills where they charged to much. We get an understanding of why your Credit Rating is below the average and then effectively communicate to the appropriate bank as to why it’s there and still get equipment loans approved. Have comfort that we have the right lenders on our panel to get you approval even with a default on your credit file.