Farmer Credit Line

Our Farmer Credit line is a flexible way to help you manage your farm’s seasonal working capital throughout the year.  A pre-arranged line of credit that works alongside your current account and overdraft to give your business seasonal financial support when you most it.

With an attractive competitive variable interest rate, the Farmer Credit Line may be cheaper than standard overdraft rates. Interest is calculated on the outstanding balance and is charged quarterly.

For planned seasonal expenses, such as purchasing stock in spring you can drawdown funds from your Credit Line. This means your current account and working capital is not depleted by seasonal expenses and you have the flexibility to repay your Farmer Credit Line when you have funds available later in the same calendar year.

Working alongside your current account, it’s flexible and easy to use. You can transfer funds to your current account as you need them to pay for seasonal purchases. You can transfer funds online, in branch or by telephone, and there are no transaction costs for transfers from the Farmer Credit Line to your working current account.

Important to note, the Farmer Credit Line is an annual facility and must maintain a nil or credit balance for at least 30 days a year. To ensure it continues to meet your working capital requirements our team will review this facility annually.