Australian car finance · private beta
Lock in your
$495 fee waiver.
The first 5,000 ABN holders who register through this page get their $495 establishment fee waived — only available here.
📉 Lower weekly payments
·
10% balloon, not 40%
·
🏎 Your business keeps the asset & equity
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Registered
You're registered for the $495 fee waiver. We'll notify you when applications open.
See how it works
↓
Loan calculator
Loan parameters
Loan amount (incl. GST)
$
$20k$120k
Interest rate (p.a.)
%
4%14%
Loan term
5 years
Milam gross balloon (10%)—
Maturity Rebate (paid by Milam)—
Net balloon you actually pay—
Annual business revenue
$100k–$200k
Used only to personalise your indicative estimate — not stored
Indicative estimate only — not a credit offer or approval. Actual payments depend on credit assessment and final loan terms.
What is the Maturity Rebate? Hold your Milam loan to full term and Milam guarantees the Maturity Rebate — if your total Milam cost exceeds what a standard loan would have cost on the same amount and rate, Milam pays you the difference, applied directly against your balloon. Your net total cost will not exceed a standard loan at full term. The cashflow advantage — lower weekly payments throughout — applies regardless. ⚠ Early exit: If you exit before full term, no rebate is paid and the outstanding balance (including unamortised balloon principal) applies. The cost comparison above reflects full-term figures only.
Cost breakdown by product
GFV Balloon
Cost to drive (ex. car value)—
Tax saved—
Balancing charge on sale—
Spend per $1 saved—
—
—
Standard Loan
Cost to drive (ex. car value)—
Tax saved—
Balancing charge on sale—
Spend per $1 saved—
—
—
Milam
Cost to drive (ex. car value)—
Tax saved—
Balancing charge on sale—
Spend per $1 saved—
—
—
—
Lock in your $495 fee waiver.
The first 5,000 ABN holders who register through this page get their $495 establishment fee waived — only available here.
🎯 loading… · $495 fee waived · this waitlist only · subject to final loan terms
Business enquiries only · ABN required to proceed
#1,001
You're registered for the $495 fee waiver. We'll notify you when applications open.
Business & tax settings
Adjusts the tax deduction & depreciation tables below
Business use %
%
10%100%
Marginal tax rate
%
19%47%
Depreciation method
Tax figures are illustrative. ATO effective life = 8 years. GST claimable only if GST-registered. Speak to your accountant.
Tax deductions & business cost — year by year
Annual deductions · interest · depreciation · GST
← swipe to see all columns →
| Year | Amort. interest | Balloon carry | Depreciation | GST claimed | Total deduction | Tax saved | Cash paid (yr) | Net biz cost | Cumul. tax saved |
GST Year 1
—
Total depreciation
—
Total interest deducted
—
Total tax saved
—
Total cash out
—
Minus tax saved
—
Net cost to business
—
⚠ Tax deductions are indicative only. Depreciation uses ATO diminishing value (25% p.a.) or prime cost (12.5% p.a.) based on 8-year effective life. Depreciation deductions are identical across all products. Consult a registered tax agent.
Depreciation schedule — ATO method
Book value & annual deduction
DV 25% p.a.
← swipe to see all columns →
| Year | Opening book value | Rate | Full deduction | Biz use deduction | Tax saved | Closing book value |
How Milam works
Step 01 — The loan
Finance structured directly through Milam
Milam is a direct car finance platform — no dealer cut, no manufacturer finance arm. Fixed 10% balloon structure — far smaller than the 30–40% balloons standard on dealer GFV loans. Currently providing finance to ABN holders and businesses.
Step 02 — The payments
Lower weekly, same total
Only 90% of the loan is amortised weekly — so your weekly payment is lower than a standard loan. Hold to full term and the Maturity Rebate ensures your total cost equals a standard loan. Roll into a new Milam loan early and the same fair-settlement logic applies.
Step 03 — The rebate
Equity back at the end
At term end, Milam calculates whether your total payments exceeded a standard loan. If so, Milam pays you the Maturity Rebate — applied against your balloon. You own the car outright and keep all proceeds when you sell.
When does the Maturity Rebate apply?
The Maturity Rebate is calculated at end of your full loan term. If your total Milam cost (weekly repayments + 10% balloon) exceeds what a standard loan on the same amount and rate would have cost, Milam pays you the difference — applied against your balloon. If you hold to full term, you never pay more than a standard loan.
If you exit early to another lender, the standard outstanding balance applies — the Maturity Rebate is a benefit for ABN holders who hold to full term.
The real Milam advantage is cashflow. Lower weekly payments free up cash during the term — on a $60k loan that's around $18/week, or roughly $4,774 over 5 years staying in your business instead of going to a lender.
If you exit early to another lender, the standard outstanding balance applies — the Maturity Rebate is a benefit for ABN holders who hold to full term.
The real Milam advantage is cashflow. Lower weekly payments free up cash during the term — on a $60k loan that's around $18/week, or roughly $4,774 over 5 years staying in your business instead of going to a lender.
Standard loan total
Your benchmark
→
Milam repayments + gross balloon
If higher → rebate
→
Net balloon after rebate
Your equity position
Who Milam is for
Currently providing vehicle finance to ABN holders, sole traders, and registered businesses across Australia. Tradies, consultants, sales reps, small business owners — enquire now.
What's wrong with GFV loans?
GFV loans defer 30–40% of the car's price to the end. Payments look low, but at the end your business refinances or hands the car back — zero equity. Milam's balloon is 10%. Your business keeps the asset. Your business keeps the equity.
Common questions
About Milam
Built for ABN holders, not dealerships.
Milam is an Australian vehicle finance platform built specifically for ABN holders, sole traders, and small businesses. We exist because dealer GFV finance is structurally designed to trap borrowers in a refinance cycle — high balloons, zero equity, no end in sight.
Milam's structure is different. A fixed 10% balloon — small enough to actually pay off. A contractual Maturity Rebate that guarantees your total cost never exceeds a standard loan. Lower weekly payments that keep cash in your business, not your lender's pocket.
Milam is currently in private beta across Australia. We are a direct lender providing business-purpose vehicle finance to ABN holders outside the National Consumer Credit Protection Act. ABN 52 477 928 344.
Still 5,000 spots left.
Join the first 5,000 — get your $495 establishment fee waived, exclusively through this waitlist.
🎯 loading… · $495 fee waived · this waitlist only
Business enquiries only · ABN required to proceed
#1,001
You're registered for the $495 fee waiver. We'll notify you when applications open.