Areas of finance:

• Lifestyle blocks
• Farm Purchase (Dairy, sheep)
• Buying the Neighbours
• Stock Finance
  
• Refinance of existing facilities to allow equity release and better rates
• Term loans for:
  • Significant farm development including fencing, fertiliser and pasture, capital livestock and stud stock purchases
  • Irrigation development
  • Plant and machinery purchases
  • Agricultural diversification

Specifications*:

• Minimum Loan: $100,000
• Maximum Loan: $10,000,000
• Term: term loans: 3 to 5 years
• LVR - up to 67% (use Fonterra Shares as Equity)
• Minimum cash equity is normally 20%
• Fixed and/or floating interest rates
• Interest only or principle & interest repayments

Costs*: (these are industry standards)

• Interest Rates:
  • Term loans: lenders prime rate plus risk margin
  • 1st mortgage: current floating rates to 12%
  • 2nd mortgage: range from 12% to 16%
• Lender Fees: range from 0.3% to 4%
• Legal Costs: vary upon financier and your solicitor

The exact interest rate depends on the market conditions, strength of the securities and the credit risk associated with the application and the applicant.