UDC Finance review: business vehicle, truck and equipment finance

Is UDC Finance a good option for your business?

UDC Finance suits a business that's buying a vehicle, truck, machine or other equipment and wants to use that asset as security. UDC has lent to New Zealand businesses since 1937 and has specialist teams for transport, civil construction, forestry, farming and aviation. UDC can finance up to 100% of the price and usually decides quickly. UDC doesn't publish its business rates, so you'll only know the cost once you have an offer.

What UDC Finance lends

• Business asset finance

  Amount

  Up to 100% of the price; from $5,000 for vehicles

  Term

  Up to 5 years for vehicles, with seasonal or balloon payments

  Who qualifies

  Businesses buying vehicles, trucks, plant or equipment; UDC asks for your financial statements

  Security

  The asset you buy, sometimes your other assets; UDC may ask for a guarantee

  Speed

  An answer within 24 hours for loans up to $150,000, once it has your financial statements

  Cost

  Fixed or floating rates set on the strength of your application (not published); GST can be financed and repaid in month 3; early repayment has a fixed fee plus break costs

• Creditline, Easylink and Assetlink

  Amount

  A pre-approved limit for several assets

  Term

  Agreed upfront for each asset type

  Who qualifies

  Businesses that buy, lease or replace assets often, or run fleets

  Security

  The assets financed under the facility

  Speed

  Quick drawdowns once the facility is in place

  Cost

  Not published

What UDC needs from you

You can apply online or by phone. UDC will ask for your financial statements, and for loans up to $150,000, you'll usually get an answer within 24 hours. The asset you buy is usually the security, but UDC might also take security over your existing assets or ask for a guarantee. You can use your trade-in as the deposit.

What UDC Finance costs

UDC sets your rate based on the strength of your application, and you can choose a fixed or floating rate. Repayments can be monthly, seasonal or include a balloon payment at the end. UDC can also finance the GST on the price, with repayment due in month 3. If you repay the loan early, you'll pay a fixed settlement fee plus a fee for breaking UDC's funding. Once you have an offer, use the business loan calculator to check your repayments.

How UDC Finance compares

Heartland also specialises in trucks and heavy equipment, with rates from 8.70% a year and loans starting at $10,000. Banks offer asset finance too: BNZ from $5,000, ASB and Westpac from $15,000, and Kiwibank from $20,000. The asset finance guide compares all these options.

These details come from UDC's website, checked on 6 November 2026.

Common questions