A Rural Bank Seasonal Overdraft gives you access to daily working capital to cover cash flow shortfalls or to finance short-term production costs.
Features of our Seasonal Overdraft facility
Minimum overdraft is $20,000.
Variable interest rate with interest calculated on daily balances and charged monthly.
You can use your land, stock, crop or wool as security.
No fixed or minimum repayments are required as long as the amount owing is below the agreed limit. This allows you to make repayments as you receive your farm proceeds.
How do I apply or find out more?
Why be limited by your seasonal income cycle? With a Rural Bank Seasonal Account you can have easy access to finance all year round.
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Things you should know
Information is subject to change. All applications for loans or credit are subject to normal lending criteria. Terms, conditions fees and charges apply and are available by phoning our Customer Service Team on 1300 660 115, online, or by contacting your local Rural Bank relationship manager.
Cheque facility is only available on accounts opened prior to 1 August 2023.