TERMS AND CONDITIONS
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1. General
1.1 Broker Role
Zeal Capital Pty Ltd (“Zeal”) acts solely as a finance broker. Zeal does not provide credit or lease facilities directly. All finance products are provided by an independent third-party funder (“the Funder”).
1.2 Credit Approval
All applications are subject to satisfactory credit assessment, verification, and final approval by the Funder. Zeal does not guarantee approval.
1.3 Business Use
Finance products are available for business purposes only unless otherwise agreed in writing by the Funder.
1.4 Direct Debit Requirement
All repayments must be made by Direct Debit from a nominated Australian bank account unless otherwise approved by the Funder.
1.5 GST
Unless expressly stated otherwise, all amounts quoted are exclusive of GST. GST will be applied in accordance with applicable legislation.
1.6 Document Fee
A document preparation and processing fee may apply at commencement of the agreement. The applicable fee (if any) will be disclosed prior to settlement and may vary depending on the finance product and the Funder.
1.7 Commencement
The agreement commences upon execution of the finance documentation issued by the Funder and settlement of the transaction.
1.8 Default
Failure to make payments when due or breach of any agreement terms may result in default charges, enforcement action, and/or termination of the agreement by the Funder.
1.9 Governing Agreement
The terms of the finance facility are governed by the formal loan or lease agreement issued by the Funder. In the event of any inconsistency, the Funder’s agreement prevails.
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2. Finance Lease
2.1 Nature of Facility
A Finance Lease provides the customer with use of the equipment for an agreed term in exchange for fixed rental payments. The Funder retains legal ownership of the equipment during the lease term.
2.2 Payments
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Payments are monthly in advance.
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All figures quoted are exclusive of GST.
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No monthly account keeping fee applies.
2.3 Pricing Conditions
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Pricing is subject to final credit and business approval by the Funder.
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Pricing is subject to repayments being made via Direct Debit.
2.4 Document Fee
A document preparation and processing fee may apply to this product. The applicable fee (if any) will be disclosed prior to settlement.
2.5 End of Term
At the conclusion of the lease term, the customer may:
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Pay the agreed residual value to take ownership of the equipment; or
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Refinance the residual (subject to approval by the Funder); or
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Enter into another arrangement as agreed with the Funder.
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3. Operating Lease
3.1 Nature of Facility
An Operating Lease provides the customer with use of the equipment for an agreed term without ownership rights during the lease period. The Funder retains ownership of the equipment at all times.
3.2 Payments
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Payments are monthly in advance.
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All figures quoted are exclusive of GST.
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No monthly account keeping fee applies.
3.3 Pricing Conditions
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Pricing is subject to final credit and business approval by the Funder.
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Pricing is subject to repayments being made via Direct Debit.
3.4 Document Fee
A document preparation and processing fee may apply to this product. The applicable fee (if any) will be disclosed prior to settlement.
3.5 End of Term Options
At the end of the lease term, the customer may:
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Return the equipment with no further obligation (subject to fair wear and tear conditions);
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Make an offer to purchase the equipment at its fair market value (subject to the Funder’s acceptance); or
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Continue renting the equipment beyond the lease term expiration under terms agreed with the Funder.
3.6 Equipment Condition
Returned equipment must be in good working order, subject to fair wear and tear. Excess damage, abnormal wear, or missing components may incur additional charges as determined by the Funder.
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4. Loan
4.1 Nature of Facility
A Loan provides funding for the purchase of equipment, with ownership transferring to the customer at settlement. The Funder may register a security interest over the equipment and/or other assets until the loan is repaid in full.
4.2 Payments
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Payments are monthly in advance.
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No monthly account keeping fee applies.
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No GST is applied to monthly repayments, as the finance product is a loan.
4.3 Pricing Conditions
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Pricing is subject to final credit and business approval by the Funder.
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Pricing is subject to repayments being made via Direct Debit.
4.4 Document Fee
A document preparation and processing fee may apply to this product. The applicable fee (if any) will be disclosed prior to settlement.
4.5 Early Repayment
Early repayment may be permitted subject to payout calculation by the Funder and any applicable break costs, fees, or charges.