Jade Agri Finance FAQs

No. Online finance calculators are provided by lenders for the no obligation and no cost use by individuals and businesses requiring finance. Using these devices does not carry an obligation to request a quote or apply for a loan with the provider of the calculator.

There is no charge for using an online finance calculation device. These devices are supplied by brokers, banks and other lenders as a free tool.

Used machine loans may be calculated with an online device. Users should be aware that the rates on new and used goods can vary. If using lender rates on new goods to calculate repayments on used goods, users should use the results as a guide only.

Results calculated using an online calculation device are not saved or stored in the device’s system or in any other space. When another calculation is made, the previous calculation is cleared. Users that want to refer to their results should make a note of them when calculated.

No. Online calculators are generic devices that provide calculations based on the data entered by the user. The device does not assess the financials and credit profile of the user. These can determine the rate offered, loan amount approved and other aspects of the finance. Results generated using these devices are estimates for guide purposes only.

Online calculators calculate results based on the amount the user requires for the loan not the purchase price of the asset. Users should only enter the amount they require for the loan to calculate accurate results. If making a downpayment this should be subtracted from the purchase price and the amount required for the loan entered. If requiring no deposit finance, the full purchase price may be used as the loan total required.

No. If opting for a balloon using an online loan calculator, do not subtract the amount from the loan required. Enter the percentage or value required for the balloon only. The device will carry out the subtraction when calculating the repayment estimate.

A balloon payment is an optional feature with Chattel Mortgage and Commercial Hire Purchase. It is a percentage of the loan required that is due for payment as a lump sum after the last monthly payment is finalised. The amount of a balloon may be requested by the borrower but is subject to lender approval.

When using an online loan calculation device, the user can enter the rate for Chattel Mortgage finance sourced from any lender. The rate available through the provider of the device may be used or a rate from another lender. Rates vary with credit facilities. Ensure the Chattel Mortgage rate is used to ensure the most accurate results.

All types of machinery, plant and equipment may be financed with Chattel Mortgage. This is a versatile credit facility which can suit many assets, both new and second-hand, from all manufacturers.

Chattel Mortgage is a commercial credit facility used to finance business assets. It is compatible with the cash method of accounting. Often referred to as Equipment Loan by some banks, this is a secured loan with the equipment accepted as the loan collateral. The buyer takes ownership of the equipment when the financed is settled and the asset posted to their balance sheet. Tax deductions are realised through asset depreciation. A balloon is optional.

No. Lender fees and charges will apply to Chattel Mortgage loans. These charges can vary with the lender and the individual loan. Due to these variations, the specific fees applicable would not be known until the lender is selected and the loan quoted. The calculator does not have the capability to anticipate the charges. They are not included in the repayment estimates.