FAQ

We will take ownership of the livestock and use the livestock as security on your loan. An interest in the livestock is registered on the Personal Property Security Register (PPSR).

Additional guarantees and security may be required. We will also require read-only access to your Property Identification Code (PIC) in the NLIS Database.

In the event of a default on your loan, we will have the right to lodge a caveat/mortgage over your real properties.

12 months.

Yes, you can make a cash payment without any penalties. Once the principal and finance costs are paid in full, you will take complete ownership of the livestock.

A written request to extend the loan term may be considered on a case-by-case basis.  Additional costs may apply in extending the loan term and we may require a farm/livestock inspection as part of this process.

If there is a trading loss on the livestock financed, the interest accrues on the loan outstanding until it is paid in full by the Farmer.

Yes, we will generally require to have the farm properties inspected by our approved agents before loan approval.

Our livestock funding is entirely separate from your existing traditional bank finance concerns and generally will not impact your existing banking arrangements. 

Under normal circumstances, we usually require that Farmers purchase and sell the financed livestock through an approved Livestock Agent.  If your proposed Livestock Agent has not worked with us before, we would be more than happy to induct them into our network of approved Livestock Agents.