Health, Medical & Fitout Finance

Medical Loans

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Medical expenses are often unexpected, cost more than you’d like them to, and depending on the medical procedure you require, be painful and stressful in many ways. Many often find that the pain and the stress only increases as they try to find the money to pay for the procedures they need.

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Pure Capital, offers a friendly and flexible solution for customers in need, whether it’s an operation out of the blue, something you’ve known you’ll need for a while, or you’re looking to improve your appearance with cosmetic work such as specialist dentistry or hair replacement or restoration.

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Our competitive interest rate medical loans mean you can secure the medical finance you need, whether it’s a health essential or a lifestyle luxury you need to pay for, and ensure your medical expenses are covered without question.

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Enjoy weekly or fortnightly repayments, with repayment and interest rates fixed from day one, and a personal account manager that you’ll deal with whenever you need to contact Pure Capital.

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Apply online now to secure your medical expenses finance, or give us a call to talk to an expert and find out how Pure Capital can provide a flexible, personal loan today.

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Our focus:

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• Competitive interest rates and flexible repayments.

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• Applications are personally reviewed and assessed individually by a person.

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• A credible and viable solution to budget management.

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• Up to 84 months to repay your personal loan.

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Finance solutions for healthcare professionals

Pure Capital, is an Australian leader in finance for healthcare professionals. Our extensive industry knowledge means we can provide specialist advice for the finance options available to medical, dental and healthcare professionals like you.

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Industry expertise

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Pure Capital is a specialist business, that understands your business and the healthcare sector, but can also connect you with a full range of financial services for every aspect of your life.

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No deposit required

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For approved customers, Pure Capital can lend up to 100% of the purchase price of your practice premises, equipment, motor vehicle or cashflow needs with no additional security required.

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Your time is important

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That’s why our response time is fast and paperwork is kept to a minimum. We know you are short on time and often work unusual hours, so a Pure Capital specialist can meet at a time and place that suits you.

To reach your local specialist, call us on (02) 8091 3778 or request a quote or an appointment.

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Pure Capital Finance Benefits

• Get funding fast

• The equipment acts as security for the loan

• Free up working capital

• Get equipment without paying for it upfront

• Manage your cash flow with fixed instalments

• You can claim tax deductions

• Options are available for bad credit

• Start a new contract with the latest technology at the end of your current contract

Medical Equipment Finance

• Maximum loan:

  Up to 100% of Equipment Value

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• Loan term:

  1 to 7 years

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• Interest rates:

  Starting at 4.09%

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• Time to fund:

  As little as one day

How does Medical Equipment Finance work?

Getting medical equipment on loan or lease can be a short, streamlined way to finance up to 100% of the value of any equipment you need.

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It comes in many options including leases, hire purchase, loans and chattel mortgages, for example:

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Equipment Loan

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A standard equipment loan allows you to borrow up to 100% of the cost of equipment with fixed repayments. The equipment is generally the only security required for the loan.

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Finance Leases

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A finance lease is a form of a rental agreement because the lessor owns the asset. At the end of the lease you have the option of purchasing the asset (for a residual amount agreed upfront), trading in the asset for new equipment or simply terminating the lease.

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There is a risk that at the end of the lease the asset will be worth less than the residual value. One of the advantages of a finance lease is that the lender pays the GST component; this makes your payments lower.

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Operating Leases

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This type of lease is ideal for equipment such as technology equipment that needs regular replacement. It is similar to a finance lease but the risk of the market value being lower than the residual value is with the lender, not with you.

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At the end of the lease period, you simply return the goods to the financier. In this type of lease, the equipment is not listed as an asset on your balance sheet and therefore you cannot claim depreciation. You can, however, claim the lease payments as a tax deduction.

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Chattel Mortgage

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A “chattel” is a moveable asset (i.e. it’s anything other than real estate). With a chattel mortgage you own the equipment from the beginning of the term of the lease. With a chattel mortgage, only the interest component of the lease payments are tax deductible – but you can also claim a deduction for the depreciation of the asset. In addition, you can claim a credit for the GST component on your BAS statement.

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