Agribusiness Loan

Summary: 

A cost efficient, flexible product that allows you to nominate a fixed or variable rate and the interest charging period. This product is available for a range of Agri lending purposes.

  • Can be split between variable and fixed
  • Have a redraw facility attached (not available during fixed rate periods)
  • Fix your interest rate for 30, 90 or 180 days and reset your rate at the end of each interest rate period
CTA: 

 

Business Loans
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13 11 75
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Features

Loan amount
  • Minimum: $500,000
Interest Rate
  • Your Suncorp term loan rates are calculated using a competitive base rate plus a customer margin.
    • Fixed;
    • Variable or;
    • A combination of both
Repayment options
  • Interest only payments in advance
  • Interest only payments in arrears
  • Structured repayments to suit cashflow and seasonal fluctuations
Interest charging options
  • Interest charging every;
    • month
    • quarter or
    • half-yearly
Term
  • Minimum: 1 year
  • Maximum: 15 years
Security
  • Many forms of security may be accepted including residential, commercial or rural property, business assets, or a combination of these.
Redraw facility
  • If you have a variable interest rate, you can use a redraw facility and make one free redraw per month.
Progressive drawdown
  • The progressive drawdown allows finance to be paid in multiple stages, up to your approved limit.

Fees

Establishment Fee
  • Fee varies with each application.
Account Maintenance Fee
  • $300 per half year.
Other
  • Other fees and charges apply. Please refer to the Lending Fees and Charges brochure for details.
  • You can also contact your Agribusiness Manager on 13 11 75 for more information.