AgriBusiness Line of Credit

The Agribusiness Line of Credit facility is specially designed for agricultural clients to assist with business expansion and investment.  It is a revolving line of credit that takes the changing nature of agribusiness into account.

Features

• A flexible facility that caters for changing business needs:

1. You can access funds within the approved limit without the need to renegotiate the facility or contact your relationship manager.
2. You can make repayments at your own pace.
3. It combines lending with transaction capabilities in one easy to manage account.
4. It provides access to funds via the Bank’s electronic channels, branch tellers or cheque book.

• Interest only facility with no set term (evergreen)
• A long term debt facility with competitive interest rates and a Line Fee payable on the approved limit.
• Option to have interest charged monthly, quarterly, semi-annually or annually (subject to approval and conditions).
• Ability to capitalise interest on the facility for up to 2 years (subject to approval and conditions).

How you Benefit

Flexibility
Agribusiness Line of Credit allows for the changing nature of your business.

Control
You can better manage seasonal cash flow because you can repay the facility at your own pace and redraw funds up to the approved limit at any time.

Convenience
Because the funds are accessible electronically as well as via the branch or by cheque, you can choose to make withdrawals, pay bills etc whenever it suits you without leaving your property.

Value for money
Our interest rates are competitive and you can select to have interest charged at intervals to suit you (subject to approval and conditions).  You can also capitalise interest on the facility for up to 2 years (again, subject to approval and conditions).

Important information about advice
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).

Other important information
Applications for finance are subject to the Bank’s normal credit approval process. Full terms and conditions, including fees and charges, are included in the loan offer. Bank fees and Government charges may apply. If you have a complaint, the Commonwealth Bank's dispute resolution process can be accessed on 1800 805 605.

Commonwealth Bank of Australia  ABN  48 123 123 124