Medical imaging equipment finance from 48+ Australian lenders.

CT, MRI, X-ray, mammography and nuclear medicine systems are financed by the major banks and specialist healthcare lenders on terms of five to seven years and sometimes longer, with progress payments during installation and shielding works funded and converted to a chattel mortgage or lease at commissioning. Medicare licensing and referrer base are part of the assessment for large systems.

Often, yes. Radiation shielding, RF cages, chillers, electrical upgrades and room construction can be financed alongside the equipment under a combined facility, up to a proportion of the total, or through a separate fit-out loan. Your broker structures the package so the whole project is funded from one application.

Operating leases and rentals are common for imaging equipment because they keep the technology current, include service and avoid a large balance sheet asset, while a chattel mortgage suits practices that will run a system for its full life and want the GST and depreciation benefits. Lyft Money compares both structures for the same system.

Yes. Manufacturer-refurbished systems with warranty are accepted by most healthcare lenders and are often a fraction of the price of new. Used systems from a practice sale need an inspection, service history and a supplier willing to service them. Terms are usually shorter than new.

Almost any clinical asset: ultrasound and imaging, dental chairs and CAD/CAM systems, surgical and sterilisation equipment, veterinary diagnostic and surgical gear, physiotherapy and rehabilitation machines, optometry and audiology instruments, cosmetic lasers, practice management software and IT, and the clinic fit-out itself. New equipment from suppliers is the simplest; refurbished equipment from recognised dealers is financed by many lenders too.

Several lenders offer structures built for practices: deferred first payments so the equipment starts earning before repayments begin, terms matched to the equipment’s clinical life, seasonal or stepped repayments for practices that are still building patient numbers, and pre-approved equipment limits for established practitioners. Medical, dental and veterinary professionals are treated as low-risk borrowers, so pricing and documentation are usually favourable.

Yes. Registered health practitioners are often eligible for low-doc or no-doc equipment finance up to practice limits, commonly $150,000 to $500,000 depending on the lender and profession, based on registration, time in practice and credit history rather than financials. Larger amounts and new practices provide recent financials or a business plan. Your broker knows which lenders run professional programs for each discipline.

Buy with a chattel mortgage when the equipment will serve the practice for years and you want to own and depreciate it, such as dental chairs or sterilisers. Lease when the technology moves quickly and you expect to upgrade, such as imaging, lasers or IT, because a lease with a residual makes the upgrade cycle simpler. Your accountant advises on the tax outcome for your practice entity, and your broker structures either option.

Yes. Lenders regularly fund new practices for registered practitioners with a track record as an employee or associate, because the profession itself gives them confidence. A business plan, the lease on the premises and evidence of qualifications are the main requirements, and the fit-out, equipment and working capital can be funded together as a package so the practice opens fully equipped.

Generally, yes. For a chattel mortgage the interest and the depreciation of the equipment are deductible, and GST on the purchase can usually be claimed on the next BAS. For a lease the rental payments are deductible and GST is claimed on each payment. Instant asset write-off rules may apply in some years. Confirm the treatment with your accountant, since practices are often run through companies or trusts with their own considerations.