A short-term seasonal overdraft facility designed specifically for you if your agribusiness is built around beef cattle or sheep. Livestock Trader provides finance for the purchase and sale of beef cattle or sheep within a six-month period. Note, if you are looking to replenish your stock over a longer time period (up to 3 years) then refer to our StockBuilder product.
Subject to approval, finance can be arranged for up to 50% of the value of the stock with a minimum finance amount of $50,000 for sheep and $75,000 for beef cattle (maximum loan amount $500,000).
- Use the livestock you purchase as security.
- Competitive variable interest rate.
- Short 6-month term designed to allow you to buy and sell the stock for quick return.
- Purchases and sales swept from autopay facility to the Livestock Trader.
- Minimum loan amount $50,000 for sheep and $75,000 for beef cattle. Maximum loan $500,000.
- Stock can be sold at end of term through any stock agent.
- Subject to quarterly Livestock Appraisals.
- Available for beef cattle and sheep only (Note: stud stock and dairy cattle are excluded).
Find out more: Rates and fees | How to apply.
Disclaimer: Terms, conditions, fees and charges may apply. Full details are available on application or by phoning our Customer Service Centre on 1300 660 115, online or by visiting your local branch. All information is subject to change. Products are issued by Rural Bank Limited.