Over the last two months, the banks’ interest rates for business equipment have been falling. Let’s hope it’s a sign of increasing competition, because there appears to be plenty of margin for them to sacrifice in exchange for market share. Let’s also hope that it’s a sign that the overly restrictive credit criteria will be eased, too. I’m anxious to test it.
Interest rates for Medical Equipment Finance are determined by a variety of factors, and the chart below contains the weekly quotes for three and five year bank bill swap rates and three and five year term deposits. There’s not much to suggest a well-defined trend in any of the four, but we’ll keep monitoring them.