Internet Banking

Term Loan Comparison

Summary

Seasonal Overdraft

A daily working capital facility that enables primary producers to finance short-term production costs and cover cash flow short falls.

AgriManager

A convenient, all in one line of credit account that puts primary producers in charge of seasonal borrowings and transactional banking.

Term Loan

Ideal for off-farm investments, capital improvements or property purchases.

Equipment Finance

Three options (Finance Lease, Asset Purchase or Equipment Loan) to make it easy for you to purchase, replace or upgrade your farming or farm business equipment.

Stockbuilder

A loan designed specifically to enable you to invest in your breeding livestock.

Eligibility

Seasonal Overdraft

Must be an Australian primary producer. All applications are subject to satisfactory credit assessment.

AgriManager

Must be an Australian primary producer. All applications are subject to satisfactory credit assessment.

Term Loan

Must be an Australian primary producer. All applications are subject to satisfactory credit assessment.

Equipment Finance

Must be an Australian primary producer. All applications are subject to satisfactory credit assessment.

Stockbuilder

Must be an Australian primary producer. All applications are subject to satisfactory credit assessment.

Minimum loan

Seasonal Overdraft

$20,000

AgriManager

$150,000

Term Loan

$50,000

Equipment Finance

$20,000

Stockbuilder

$50,000

Security

Seasonal Overdraft

Can be either unsecured or secured by a combination of securities such as crops, livestock, wool and land.

AgriManager

Secured by land, a Rural Bank Term Deposit or a combination of both.

Term Loan

Can be secured by a combination of securities such as crops, livestock, water and land.

Equipment Finance

Security is taken over the goods to be financed.

Stockbuilder

Livestock Mortgage Unlimited guarantee and indemnity required from all Directors.

Term

Seasonal Overdraft

Overdraft limits are approved for 12 months and subject to an annual review.

AgriManager

Overdraft limits are approved for 12 months and subject to an annual review.

Term Loan

Up to 15 years – principal and interest repayments;
Up to 5 years – interest only repayments.

Equipment Finance

1 to 7 years.

Stockbuilder

Up to 3 years.

Interest

Seasonal Overdraft

Variable interest rate.

AgriManager

Variable interest rate with a choice of interest charging / earning options to match your cash flow .

Term Loan

Variable or fixed interest rates

Equipment Finance

Fixed interest rate.

Stockbuilder

Variable or fixed interest rates

Repayments

Seasonal Overdraft

No fixed or minimum repayments are required as long the overdraft balance falls within your approved limit. Additional repayments can be made at any time.

AgriManager

No fixed or minimum repayments are required as long the overdraft balance falls within your approved limit. Additional repayments can be made at any time.

Term Loan

Principal and interest or interest only.

Equipment Finance

Can be tailored to suit your cash flow (monthly, quarterly, half yearly, seasonally or annually).

Stockbuilder

Principal and interest; or interest only for the first year with principal and interest over years 2 and 3.

Access options

Seasonal Overdraft

ATM, EFTPOS, Bank@Post, BPay, Cheque, Internet, Phone Banking.

AgriManager

ATM, EFTPOS, Bank@Post, BPay, Cheque, Internet, Phone Banking.

Term Loan

Cheque, only at time of drawdown or redraw (available for variable rate loans only. $5,000).

Equipment Finance

Direct debit to make schedule repayments and/or instalments.

Stockbuilder

Cheque at drawdown.

Find out more


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.