Medical & Healthcare Equipment Finance Australia

Why Medical Equipment Finance?

Healthcare is one of Australia’s fastest-growing sectors, and keeping up with advancing medical technology is essential. Whether you’re a GP surgery upgrading diagnostic imaging, a dental clinic adding a new chair, or a veterinary hospital investing in surgical lasers, medical equipment finance allows you to acquire what you need without draining working capital.

Medical assets are typically high-value and have long useful lives, making them ideal candidates for asset finance. Lenders understand that healthcare equipment directly generates revenue — which means approval rates for medical practitioners are among the highest in the asset finance industry.

By spreading costs over 3–7 years, you maintain cash reserves for hiring, marketing, and practice growth while still accessing the latest diagnostic and treatment technology your patients expect.

What Can You Finance?

• Diagnostic Imaging: X-ray machines, ultrasound units, CT scanners, MRI systems, mammography equipment
• Dental Equipment: Dental chairs, panoramic X-ray (OPG), intraoral scanners, sterilisation units, CEREC milling machines
• Surgical & Treatment: Surgical lasers, electrosurgical units, anaesthetic machines, operating tables, autoclaves
• Patient Monitoring: Vital signs monitors, ECG machines, defibrillators, pulse oximeters, ventilators
• Veterinary: Veterinary X-ray, surgical tables, anaesthesia machines, dental scaler units, cages and kennels
• Allied Health: Physiotherapy tables, TENS machines, hydrotherapy pools, optometry equipment
• Practice Fit-out: Consulting room fit-outs, reception furniture, patient management systems, IT infrastructure

Finance Structures for Medical Equipment

The best structure depends on whether your practice is GST-registered, whether you want to own the equipment outright, and how quickly the technology may become obsolete.

Chattel Mortgage

The most popular structure for medical practices. You take immediate ownership, claim the GST credit upfront (typically worth $22,700 on a $250,000 purchase), and deduct both interest and depreciation. Ideal for long-life assets like dental chairs, X-ray machines, and surgical equipment that you’ll use for many years.

Finance Lease

The financier owns the equipment during the term and leases it to you. Payments are fully tax-deductible. At the end, you pay the residual to purchase outright or upgrade. Works well for practices that want to refresh diagnostic equipment on a regular cycle.

Operating Lease

A true rental agreement — use the equipment and return it at lease end. The asset stays off your balance sheet, and every payment is a deductible expense. Ideal for technology-driven equipment like patient management systems or imaging software that becomes outdated within 3–5 years.

Indicative Medical Equipment Finance Rates

Updated March 2026 • Rates are indicative only and subject to lender approval, credit profile, asset type, and loan amount.

*Rates depend on your credit profile, time in practice, equipment age, deposit, and loan term. Medical professionals often qualify for preferential rates due to the stability of healthcare income. View our full rates guide →

Eligibility Requirements

• Active ABN — GST registration preferred for chattel mortgage but not required
• Medical, dental, veterinary, or allied health qualification (for specialist medical lending products)
• 12+ months trading history (start-up packages available for newly qualified practitioners)
• Clean personal credit history — no current defaults or judgments
• Supplier quote or invoice for the equipment
• Proof of income — BAS returns, tax returns, or bank statements

Many specialist medical lenders offer streamlined approval for qualified health professionals, even those establishing their first practice. Equipment under $250K with supporting financials often qualifies for low-doc approval within 24 hours.

Medical Equipment Finance FAQs

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