Shift Asset Finance Policy for Brokers 2026

Identify the Shift Facility

Shift Asset Finance suits a specified business-asset purchase, while Equipment Line is a revolving account for equipment and fitout purchases. Shift also has Business Overdraft, Term Loan and Trade Account products. Keep the named facility on the enquiry so terms from another product don’t enter the recommendation.

The Asset Finance product page lists business cars, light commercial vehicles, trucks, vans, utes and trailers. Shift’s broker material also describes primary and secondary assets. Describe the actual asset and its business use when requesting terms, particularly for machinery outside the vehicle examples.

Equipment Line permits new or second-hand equipment without an age restriction and repays purchases in monthly instalments over five years. Its revolving limit also supports fitouts. Those features belong to Equipment Line and don’t establish an Asset Finance age limit or repayment term.

For a broader choice of ownership and funding structure, use the equipment finance guide before comparing lender offers.

Borrower and Asset Conditions

Shift’s published Asset Finance entry criteria are an Australian Business Number (ABN), at least two years’ trading and annual turnover of at least $250,000. Passing those entry criteria allows assessment. It doesn’t establish an approved amount.

Shift requires linked business bank statements. Its product page distinguishes bank-statement assessment for non-asset-backed lending up to $250,000 and asset-backed lending up to $1 million. Lending up to $2 million requires annual financial statements.

Keep the applicant’s property ownership and financial evidence clear when requesting the applicable assessment route.

Prepare the asset details alongside the business evidence:

• Record the asset’s make, model, build year and identifying number.
• Separate the purchase price from accessories, installation and other costs.
• Identify the seller and whether the transaction is a dealer or private sale.
• Explain how the business will use the asset and whether it replaces existing equipment.

Shift’s Asset Finance broker description allows different treatment for secondary and aged assets. Give Shift the proposed term as well as the asset’s present age, so the enquiry covers its age at repayment completion. An Equipment Line allowance for an older asset doesn’t settle the Asset Finance decision.

Repayments and Security

Shift Asset Finance has fixed-rate monthly repayments, with balloons available on most assets under its broker description. A balloon leaves a lump sum payable at the end. Assess how the client will meet that amount before selecting a lower regular repayment.

Use the offered amount, term and balloon in the chattel mortgage calculator to model repayments. Treat the calculation as a repayment estimate, then reconcile it with Shift’s written schedule and fees. A calculator result doesn’t determine eligibility or reproduce a lender’s contract.

Shift’s rates and fees guide lists a $499 establishment fee added to Asset Finance loans. It also states that an early repayment amount applies to a fixed-rate loan and is calculated at payout. Obtain a payout figure when comparing an early exit with keeping the facility.

Read the offered facility agreement for the named borrower, any guarantors and the property covered by its security clauses. Record any personal guarantee separately from security over the purchased asset. Property ownership used in assessment or pricing doesn’t itself describe the security granted under the agreement.

For a used vehicle, a Personal Property Securities Register search identifies registered security interests against its vehicle identification number. Resolve an existing registration through the settlement arrangements before funding. Keep the search certificate with the seller’s ownership evidence.

Prepare the Broker Enquiry

Use Shift’s broker page to join its network or access the broker login for Shift Connect. The page also links the business development manager (BDM) directory for transaction-specific enquiries. Use that route for the Asset Finance proposal so the borrower’s account registration and the broker’s submission remain distinct.

Build the enquiry around the borrowing entity and the transaction:

1. Supply the business identity, trading history and bank-statement connection required for assessment.
2. Include the supplier quote, asset description and intended business use. For a used asset, add the seller’s ownership evidence and any existing finance payout details.
3. Provide annual financial statements where the requested amount requires them, together with an explanation of existing business debts.
4. Request the proposed term, monthly repayment and balloon, plus the borrower, guarantor and security requirements for that transaction.

Shift’s purchase process requires a vendor invoice and identification documents before funding. Reconcile the invoice’s asset details and payee with the approved transaction. Before the client commits, retain written terms that match the selected facility, asset and repayment structure.