|While the ANZ group can trace its history back to 1835, when the Bank of Australasia was established in London by Royal Charter, Esanda Finance Corporation Limited's origins can be traced back to the Industrial Finance Department, which was set up by the ES&A (English Scottish and Australian Bank Ltd) Bank in 1953 specifically to provide asset finance. The financial services provided by this department were soon in such great demand that, on 21 October 1955, the ES&A Bank formed the wholly owned subsidiary Esanda Limited. The name Esanda is taken from ES and A.|
As business developed, much of it was for motor vehicles and as a consequence relationships were established with motor dealers and distributors very early in the company's history. Product range then was almost exclusively Hire Purchase and Instalment Loans (personal loans). By comparison, the product range available today from the Esanda includes Finance Lease, Consumer Loan, Chattel Mortgage and Offer to Hire (unregulated hire purchase).
In 1970, with the merger of the ES&A and ANZ Banks, Esanda Limited became a wholly owned subsidiary of the Australia and New Zealand Banking Group Limited, one of Australia's major banks. During the next decade the business continued to grow at a fast rate and Esanda Limited became the second largest Finance company in Australia. The ANZ Bank's acquisition of the Bank of Adelaide in the early 80's brought Finance Corporation of Australia Limited (FCA) into the organisation. In 1984, Esanda Limited acquired all the share capital of FCA. Two years later, on 18 September 1986, following the merger of the operations of the two groups, Esanda Limited changed its name to Esanda Finance Corporation Limited.
As a result of the ANZ acquisition of the National Mutual Royal Bank in April 1989, Esanda Finance Corporation Limited acquired the business of Mercantile Credits Limited, a subsidiary of NMRB. This move cemented Esanda Finance Corporation Limited's position as the leading Australian finance company. As a result of this acquisition, Esanda Finance Corporation Limited's property portfolio grew to almost 20% of its total assets. The collapse of the property market, which took place shortly after this, required intense management.
Also in 1989, Esanda Finance Corporation Limited introduced the ground-breaking system known as 'Abacus'. The system, which provided automated loan approvals for car financing to dealers, was a clear leader in the field when it was released and is still some way ahead of what most competitors can offer an Intermediary introducer. At a time when few people had computers at work, Esanda Finance Corporation Limited's project involved providing dealers with a fully automated and integrated system which allowed the dealer to provide quotes, loan approvals, monitor payouts on customer contracts and monitor their dealer bailment facilities. The project also involved developing the communications infrastructure for the system. A number of Dealers and Brokers saw Abacus as a major distinguishing factor between Esanda Finance Corporation Limited and its competitors and one of the key reasons why they have chosen to deal with Esanda Finance Corporation Limited for so long and now continue to deal with Esanda.
Esanda Finance Corporation Limited's growth continued strongly despite transferring Property Finance in 1996 and Business Finance (relationship selling) in early 2001 to other parts of the ANZ Group. By the mid 1990's Esanda Finance Corporation Limited had became Australia's largest Finance company and was ranked in the top 10 financial institutions in Australia - positions that we held with pride! Because of our extensive knowledge in the finance industry, and our relationship with ANZ, we can offer you an innovative, cost efficient solution. Whether you're after finance for a single asset or many, Esanda can help you and your business survive in an increasingly competitive business world.
Available for new and used boats from $10,000. Choose a repayment timeframe between one and five years
Buy the boat of your dreams, a second-hand model, trade up or update your existing boat with Esanda Boat Finance.
Fast Approval Apply today and we’ll let you know whether your loan has been approved, usually by the next business day.
Match your budget Choose a repayment timeframe from one to five years.
Fixed repayments Rates are fixed so you’ll know exactly what your repayments are.
Competitive rates Get one of the most competitive rates in the market because your boat is usually sufficient security for the loan.
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Call our customer service team on
13 23 73
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Complete an online application form.
Term 1 to 5 years.
Fees and charges Refer to the Esanda fees and charges page for details.
Repayment frequency Fortnightly or monthly.
Repayment methods Direct debit or periodical payment from a nominated bank account, BPAY or cash/cheque deposits.