Jade Agri Finance FAQs

An Agribusiness Finance Calculator is used to estimate commercial credit products. These include Overdrafts, Lines of Credit, Unsecured Business Loans, Short-term Loans and trade finance designed for operators in the agricultural sector.

Yes. All business operators with an ABN are eligible for commercial credit and can use the calculator to generate estimates on business loans. New producers should be aware that they may not meet all the criteria for approval without full financial documentation. They may require Low and No Docs Loans which can attract higher interest rates and different loan limits and terms to fully documented loans. The estimates generated by new producers should be used as a guide only.

Online calculators do not save or store users’ calculations. When a new calculation is started, the previous calculation is cleared. If a user requires the details of their calculations for comparison and reference purposes, they are directed to note these results separately.

No. Online calculators are generic devices which are programmed to carry out computations based purely on the values entered by the user. The data entered does not include credit ratings and financials. The results obtained are estimates only, to be used as a guide. When applying for a loan, lenders will assess financials and credit history to prepare any loan offer.

The repayment term for crop loans will be subject to the lender guidelines for unsecured business loans and the individual financial and credit profile of the business. Terms may be negotiated with lenders to best meet the cropping season requirements of the producer.

The interest rate to use with an Agribusiness Finance Calculator will be dependent on the type of loan being calculated. Rates vary with different credit facilities and with different lenders. Users are directed to use the interest rate for the loan they require as displayed by the provider of the the calculator.

The amount that a producer is approved for trade finance will depend on their individual financials and credit profile and the lender. When using an online calculator, producers can use different loan amounts to calculate different estimates for comparison purposes.

To compare different credit products with an online calculator, ensure the appropriate interest rate is used in the calculations. Overdrafts and Unsecured Business Loans attract similar rates as they are both unsecured credit facilities. Unsecured Loans can be offered over a fixed term while Overdrafts may be over a shorter term. The term field may be altered to compare the different features and benefits of these loan products.

Overdrafts typically attract a variable interest rate not a fixed interest rate. When generating estimates with an online calculator, users can use the interest rate for Overdrafts as displayed by the calculator provider or a rate sourced from another lender. As this is a variable rate, the rate may change between the time estimates are generated and the loan application is submitted.

No. Lender fees and charges apply to commercial loans. The fees vary with the lender and with the specific credit facility. The calculator does not have the capability to determine the specific lender and the fees applicable. The charges applicable to a specific loan offer are detailed with a quote from a lender.