Tailored business-purpose finance for eligible new and used vehicles and equipment, secured against the financed asset.
Drive funds the plant, vehicles and equipment a business actually runs on. The facility is secured against the financed asset — registered on the PPSR, typically as a purchase money security interest — and the term is set against the asset’s useful life rather than a standard product term.
Eligible asset categories, amounts, asset age limits, terms, fees and early payout rules are to be confirmed by Velonda before this page is published to a live domain.
If it’s a business asset with resale value, Drive can likely finance it, from vehicle finance to equipment finance. Common categories include:
Drive is built for businesses financing the vehicles and equipment they run on — not consumer credit. Every application is assessed against the same core criteria before it moves to verification.
Every application follows the same five-stage journey — apply, verify, connect, outcome, then offer and settlement after human credit and AML sign-off.
Drive is one stop on Velonda’s route. Depending on what your business needs to fund, one of these may suit it better.
Backed by commercial property, structured as a term facility for longer-horizon business needs.
A streamlined facility for businesses that need cash flow moving quickly, without a long approval road.
Yes — both new and used business assets are considered. Eligibility criteria such as asset age are confirmed during assessment.
The financed asset itself, registered on the Personal Property Securities Register — typically as a purchase money security interest.
Rates on application. Pricing reflects the asset, the term and the assessment.
Velonda Capital provides finance for business and commercial purposes only and does not provide consumer credit. Velonda is not a bank or authorised deposit-taking institution.
We finance assets bought from both licensed dealers and private sellers, subject to verification of the asset and seller
Terms typically range from 1 to 10 years, set against the useful life of the asset rather than a fixed product term
In many cases Drive can be arranged with no deposit (100% finance), because the facility is secured against the asset. A deposit can lower your repayments and may be required for some asset types
Yes, a balloon payment can be set at the end of the term to reduce your monthly repayments. The amount depends on the asset and the term
The GST on the asset is included in the amount financed. If your business is registered for GST, you can generally claim that GST back in your next BAS. Speak to your accountant about your circumstances
Yes — you can pay out the finance early. An early payout figure, which may include a break cost, is provided on request
Newer businesses may be considered, particularly where the asset provides strong security. A minimum trading period of 6 months generally applies
Yes. Drive is typically structured as a chattel mortgage — you own the asset and Velonda holds security over it via the PPSR. Other structures may be available on request
Important. Velonda Capital provides finance for business and commercial purposes only and does not provide consumer credit. Velonda is not a bank or authorised deposit-taking institution. Every application requires a signed declaration that the finance is wholly or predominantly for business or commercial purposes.
Start an application and move through a clear, secure process toward an indicative outcome.
