Daljeet Singh
9 months ago on Google
I have wonderful experience with them they are professional,quick and accurate in terms of loan requirements
Medical equipment finance, RyRo Asset Finance
Medical Equipment Finance for Medical, Dental and Allied Health Practices
Imaging, dental chairs, surgical gear or a full fit-out. Rohan Joshi at RyRo Asset Finance compares lenders, including health specialists, so your practice gets the structure that fits.
- Doctors, dentists, vets and allied health
- New practices, upgrades and fit-outs
- Chattel mortgage, finance lease or hire purchase
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Updated November 2026
Healthcare equipment finance
What is medical equipment finance?
Medical equipment finance is a business loan or lease that spreads the cost of practice equipment over a set term, instead of paying for it all up front. The equipment usually secures the loan, so your home and other assets are often left out of it.
It covers the equipment you treat patients with, the technology that runs the clinic and, with many lenders, the fit-out of the rooms. Banks offer it, and so do lenders that only work with health professionals. Rohan compares both as part of our wider asset and equipment finance service.
Rohan works from the RyRo office in Norwest, so practice owners across the Hills District can meet him in person, or handle it by phone and email from anywhere in Sydney.
Quick answer
Is medical equipment finance the same as a home loan for doctors?
No. Equipment finance pays for what your practice uses. A home loan for a doctor or dentist is a separate product, handled by Sumit at RyRo Loan Centre.
Medical and dental practice finance
Who medical equipment finance suits
Registered health professionals and the practices they own, from a single room to a group clinic.
GPs and specialists
Clinics, day surgeries and specialist rooms buying diagnostic, treatment and monitoring equipment.
Dentists and orthodontists
Chairs, scanners, X-ray units and sterilisation for a new surgery or an upgrade.
Veterinary practices
Imaging, surgical tables, anaesthetic machines and lab equipment for vet clinics and hospitals.
Allied health
Physio, optometry, podiatry, radiology and other practices fitting out rooms or adding equipment.
Buying a home? See home loans for doctors, including LMI waivers for eligible medical professionals, with Sumit at RyRo Loan Centre.
Dental equipment finance and more
What medical and dental equipment can you finance?
Most equipment a practice buys can be financed, new or used. These are the categories lenders see most often. Each lender sets its own rules on age, supplier and how much of a fit-out it will fund.
Imaging and diagnostics
X-ray, ultrasound, OPG and CBCT units, scanners and diagnostic systems.
Dental chairs and units
Chairs, delivery units, intraoral scanners, milling units and sterilisation.
Surgical and treatment
Treatment tables, lasers, monitoring, anaesthetic and procedure equipment.
Practice fit-out
Surgery and reception fit-outs, cabinetry, plumbing and lighting, often with the equipment.
IT and technology
Practice computers, servers, screens and the hardware your software runs on.
Vehicles
A car for home visits or a van for a mobile practice, financed for business use.
Tell Rohan what you are buying and from whom. He checks which lenders accept that equipment before you sign the supplier's order.
Check my equipment
Free, no obligation.
Rohan · 0:25
Medical equipment leasing or a loan
Chattel mortgage, finance lease or hire purchase?
The main questions are whether the practice wants to own the equipment and how your accountant wants it treated. Here is how the three common structures usually compare.
| Chattel mortgage | Finance lease | Hire purchase | |
|---|---|---|---|
| Who owns it | The practice, from day one | The lender, during the term | The lender, until the last payment |
| At the end | Yours once paid off | Pay the residual, upgrade or return | Ownership passes to you |
| Suits | Equipment you will keep | Equipment that dates quickly | Owning without a mortgage over it |
| End payment | Optional balloon | Residual value | Optional final payment |
General market practice. Each lender sets its own terms, and the tax treatment differs: ask your accountant.
More detail on chattel mortgages, on finance leases and hire purchase, and in our chattel mortgage guide.
Estimate repayments on practice equipment
Set to $90,000 of equipment with a 20% balloon. Change the price, deposit, term, rate and balloon. The example rate is not a quote.
Estimated repayment per month
$1,617.47
60 monthly repayments paid in advance, then a balloon of $18,000
- Amount financed
- $90,000
- Total interest
- $25,048
- Total of repayments and balloon
- $115,048
Breakdown and GST
- Amount financed
- $90,000
- Balloon at the end
- $18,000
- Total interest
- $25,048
- Total of repayments and balloon
- $115,048
- Paid off around
- 5 years from now
GST in the price: $8,182
One eleventh of a GST-inclusive price. A GST-registered business may be able to claim GST on a business asset as a credit on its BAS. Whether you can, how much and when depends on your business use and how you account for GST. We recommend consulting your accountant.
Estimate only, not a quote or tax advice. It leaves out fees and charges, and the rate is the one you type in. Your real repayment depends on the lender, the asset and your business.
Figures last checked .
This is an estimate, not financial advice. Results are a guide only. Speak to a broker for accurate figures based on your situation.
Free, no obligation. Your numbers go with your enquiry.
5.013 RyRo Asset Finance reviews
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Starting, refitting or buying
Finance for a new practice, a fit-out or a practice purchase
Each of these is assessed differently. Knowing which one you are asking for decides which lenders to approach.
Opening a new practice
No trading history yet. Lenders that support new practices weigh your registration, years in the field, business plan and deposit.
Plan finance for my new practiceFitting out or refitting rooms
A fit-out is fixed to the building, so lenders look at your lease and the practice. Some pay the builder in stages as work is done.
Ask about fit-out financeBuying into or taking over a practice
The equipment in the sale can be financed by Rohan. The goodwill is a business acquisition loan, handled by Sumit at RyRo Loan Centre.
Talk about a practice purchase
Buying the practice itself, or its rooms? See business acquisition loans and commercial property loans with RyRo Loan Centre.
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Rohan · 0:20
Medical equipment loans
What lenders ask for on medical equipment finance
These are the items lenders commonly ask practices for. Smaller amounts and established practices often need less. The detail differs from lender to lender.
- Professional registrationYour AHPRA or other registration, and your years working in the field.
- ABN and practice detailsThe entity buying the equipment: sole trader, company, trust or partnership.
- Supplier quote or invoiceWhat the equipment is, new or used, and who is selling it.
- Bank statementsRecent business account statements, to show income and repayments.
- Financials or tax returnsFor an established practice, usually the last one or two years.
- Plan and lease for a new practiceA business plan or cash flow forecast, and the lease on the rooms.
Why lenders care about the supplier
Used, overseas and private salesShow less
Lenders want to be sure the equipment exists, is worth what you are paying and can be resold if needed. New equipment from an established supplier is the simplest. Used equipment, an overseas supplier or assets bought as part of a practice sale can still be financed by many lenders, but they may ask for a valuation, an asset list or proof of delivery first.
Tax and GST
Tax and GST on practice equipment: what to ask your accountant
The tax side depends on your practice structure, the equipment and how it is financed. We do not give tax advice. Rohan sets up the finance; your accountant confirms the tax. Ask them these questions before you sign.
- Which structure suits your practice: own it, lease it or hire purchase
- Whether the practice can claim GST credits on the purchase
- How depreciation and interest are treated for your entity
- Whether the instant asset write-off applies to any item
Sound familiar?
Medical equipment finance situations we solve
Practice owners usually come to Rohan with one of these. Here is what gets in the way, and what we do about it.
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
Compare the finance before you sign the supplier's order.Photo: Jakub Żerdzicki / Unsplash The supplier offered finance at the counter
The challenge: The equipment rep has a finance offer ready to sign, but you have nothing to compare it with.
How we handle it
Bring the quote. Rohan compares it with other lenders and explains the residual, fees and term in plain English.
Equipment that dates quickly
The challenge: Imaging or IT that will be outdated in a few years, and you do not want to be stuck owning it.
How we handle it
We look at lease structures with a residual, so upgrading at the end of the term is simpler.
Moving from employee to owner
The challenge: You have worked in other practices for years and now want your own rooms, but your ABN is new.
How we handle it
We find lenders that look at your registration and experience, not only how long your ABN has been active.
Several items from different suppliers
The challenge: Chairs from one supplier, imaging from another, a fit-out builder on top, all landing at different times.
How we handle it
We work out whether one facility or separate loans fit, and line up when each supplier gets paid.
These are common situations, not client stories. Every loan depends on your circumstances and the lender's policy.
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
How it works
How medical equipment finance works with Rohan
Step 1
Tell us about the practice
Your practice, the equipment, the supplier and when you need it. Two minutes on the form.
Step 2
Rohan checks lender policy
He matches your practice and equipment to lenders whose rules fit, including health specialists.
Step 3
One clean application
You send only what that lender needs. Rohan prepares and lodges the application.
Step 4
Supplier paid, equipment in
Once approved and signed, the lender pays the supplier and the equipment is installed.
Start step 1
Step 1 takes about two minutes.
Rohan Joshi
Asset finance broker, RyRo Asset Finance, ACR 565295
Who you will deal with
Rohan handles your equipment finance from quote to install
You deal with one person. Rohan reads your details, works out which structure fits, compares lenders and keeps you updated until the supplier is paid. His clients mention the same things in their Google reviews: clear explanations, quick answers and simple paperwork.
RyRo Asset Finance is a separate company from RyRo Loan Centre, working from the same Norwest office. If you also need a home loan or a loan to buy a practice, Sumit and the RyRo Loan Centre team look after that.
Ask Rohan about my equipment
Free, no obligation.
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Rohan · 0:22
Google reviews
What Rohan's clients say
Real Google reviews of RyRo Asset Finance, word for word.
5.0
From 13 Google reviews for RyRo Asset Finance
Rohan · 0:31
Mark Donovan
a month ago on Google
Rohan provided exceptional service, was communicative and transparent through the entire process. I ended up with a far better deal than I would have got on my own.
Rayen Naidoo
2 months ago on Google
I engaged Ryro Finance to arrange finance for my vehicle, and the experience was excellent. They didn’t just compare car loan options—they took a holistic approach by considering my future financial goals and any upcoming asset purchases to ensure the finance structure suited my long-term plans. They provided valuable advice on the ideal deposit amount, explained the best approach to financing a vehicle, and secured one of the most competitive interest rates available to me. I would highly recommend Ryro Finance, not only for vehicle finance but for any financing requirements. Their personalised advice, professionalism, and long-term financial planning set them apart.
Sumit Garg
a year ago on Google
Rohan been nothing short of excellent for us. Being proactive, professional and keeping things very simple and easy to deal with. Gave us an excellent deal and whole process was easy as. Thank you for being so helpful is getting us over the line in getting the new car
Devansh Dua
a year ago on Google
Rohan really helped us through . Great customer service .
FAQs
Medical equipment finance FAQs
Have a question not covered here? Ask Rohan directly or book a free call.
What is medical equipment finance?
+
Medical equipment finance is a business loan or lease that pays for equipment your practice uses to treat patients or run the clinic, such as imaging, dental chairs, surgical gear, IT and fit-out. Instead of paying the full price up front, the practice repays the lender over a set term, and the equipment usually serves as the security. The common structures are a chattel mortgage, a finance lease and hire purchase. Which one fits depends on whether you want to own the equipment, your cash flow and how your accountant wants it treated.
Can I finance a medical or dental practice fit-out?
+
Often, yes. Many lenders finance surgery and office fit-outs along with the equipment that goes into them: cabinetry, plumbing for dental chairs, lighting, reception and sterilisation areas. Because a fit-out is fixed to the building and has little resale value, lenders look harder at the practice, the lease on the premises and your experience. Some lenders pay the builder in stages while the fit-out is built. Rohan checks which lenders take fit-out on its own and which want it bundled with equipment.
Can I get equipment finance for a new practice?
+
Many lenders support health professionals opening their first practice, even without trading history, because they weigh your registration, your years working in the field and your plans for the clinic. Expect to be asked for your AHPRA or other registration, a business plan or cash flow forecast, quotes for the equipment and fit-out, and the lease on the premises. A deposit or other assets can widen your choice of lender. Rohan tells you what each lender needs before anything is lodged.
Is a chattel mortgage or a finance lease better for medical equipment?
+
It depends on whether the practice wants to own the equipment and how your accountant prefers it treated. With a chattel mortgage, the practice owns the equipment from day one and the lender holds security over it. With a finance lease, the lender owns it and the practice pays to use it, with a residual at the end. Equipment that dates quickly, like some imaging or IT, can suit a lease. We recommend consulting your accountant for advice specific to your situation before you choose.
Can I finance used or refurbished medical equipment?
+
Many lenders finance used and refurbished equipment, within their own rules on the age of the asset, who is selling it and its expected life. Older equipment can mean a shorter term. A private sale, or equipment bought as part of taking over a practice, usually needs an invoice, a valuation or a list of the assets. Tell Rohan what the equipment is and where it is coming from, and he will check which lenders accept it.
Can I finance equipment bought from an overseas supplier?
+
Sometimes. Some lenders will pay an overseas supplier or fund a deposit before the equipment ships, while others only pay once it is delivered and installed in Australia. Currency, shipping and installation costs also affect how much the lender will cover. Raise it early so the finance is approved before you commit to the supplier.
What documents do I need for medical equipment finance?
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It depends on the lender and the size of the loan. Commonly requested items are your ABN and business details, your professional registration, photo ID, the supplier quote or invoice, recent business bank statements, and tax returns or financial statements for an established practice. A new practice may be asked for a business plan or cash flow forecast and the lease on the premises. Rohan gives you a list for your lender before you start, so you only gather what is needed.
Can I claim medical equipment on tax?
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A practice may be able to claim depreciation or an immediate deduction on business equipment, and interest on the finance, depending on its structure and how the equipment is financed. The ATO also runs an instant asset write-off for eligible small businesses, with limits that have changed many times. We do not give tax advice. We recommend consulting your accountant for advice specific to your situation, ideally before you sign the finance.
How hard is it to get equipment finance for a health practice?
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For an established practice with steady income it is often straightforward, and some lenders focus on medical, dental and veterinary practices. It gets harder when the practice is new, the equipment is specialised or hard to resell, a fit-out makes up most of the loan, or your credit file has issues. Matching the deal to a lender whose policy already fits is what makes the difference, and it saves you applying to lenders that would say no.
Does using a broker cost more than going to my bank?
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A broker is usually paid a commission by the lender when a loan settles, and any fee you would pay is disclosed to you before you go ahead. Your bank can only offer its own products, while Rohan compares a panel of lenders, including banks and lenders that focus on health professionals. Ask him to explain how he is paid on your deal before you sign anything.
Talk to Rohan
Ready to finance your practice equipment?
Tell Rohan about your practice and the equipment. He will tell you which lenders fit and what they need from you.
We generally respond within an hour. Prefer to pick a time? Book your strategy call online or contact us.
Rohan Joshi
Asset finance broker, RyRo Asset Finance
- Rohan reads your details and calls you back
- No obligation to go ahead
- Banks and health specialist lenders compared
Rohan · 0:25
More videos from Rohan
- From 13 Google reviews for RyRo Asset Finance
- 5.0
- Medical, dental, vet and allied health practices
- Health
“We had a great experience working with Rohan Joshi. He was professional, responsive, and made the entire process of securing our car loan smooth and stress-free. He took the time to understand our needs, explained everything clearly, and got us a competitive rate without any hassle. We really appreciated how straightforward and efficient he was from start to finish. Highly recommended if you’re looking for someone reliable to help with a car loan.”
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.