Calculate Your Agriculture Loan Repayments
Looking to take out a loan to fund a purchase of equipment or stock for your farm? It’s important to know exactly how much you can expect to pay for your loan repayments before proceeding. Our free online agriculture loan repayment calculator is designed to help you understand your loan repayment obligations against typical, market interest rates.
Frequently Asked Questions
What can an agriculture/rural loan be used for?
An agriculture or rural loan is typically used to purchase equipment for your farm such as farming equipment, livestock, land acquisition. An agriculture loan may also be used to cover some operating expenses or to refinance debt if required.
Are agriculture loans secured or unsecured?
It depends on what you intend to use the loan for. For equipment purchases or land acquisitions, the loan will typically be secured against the value of that purchase and therefore you can expect to receive lower interest rates than a higher risk, unsecured loan. Rural/agriculture loans can be both secured and unsecured depending on your intended purchase – it will, however, influence your loan terms.