Our loan & chattel mortgage has multiple functions and examples might be where your company is buying equipment which qualifies for a reduced rate of VAT such as a biomass boiler for a residential care home or other residential building, or an intangible asset or bundle of assets.
You would select the equipment of your choice and Arkle would sign a loan agreement with your company. This would require your company to pay a fixed number of loan repayments over a fixed period of time. The interest charges are normally fixed throughout the agreement. Arkle would pay the amount of the loan advance to either your company or its nominated supplier.
The Chattel Mortgage is a form of security that Arkle takes over the equipment you purchased. A mortgage is registered at Companies House informing any interested party that Arkle has security in the equipment.
Choose your equipment. You would select the equipment or vehicle of your choice from your nominated supplier.
We’ll pay the loan advance to either you or your nominated
The Chattel Mortgage is a form of security we take over the
goods you buy. We register the mortgage at Companies House
informing any interested party that we have security in the
Discretion. Should you not wish your supplier to know that you have used finance we can pay you and you can pay the supplier.
Flexible Repayment Terms. We offer 1-7 year repayment terms, taking useful life and economic life into consideration. Long repayment terms require careful examination of the equipment or vehicle, possible technological obsolescence and anticipated usage.