Farm lending 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.