Jade Agri Finance FAQs

The type of agricultural operation conducted on the property may affect the loan, subject to individual lender guidelines. The potential and forecasts for the sector may be reviewed as part of the loan application assessment process. Turnover, output, market prices and produce forecasts may be required with the application.

With only a lease and not ownership of the property offered with a leasehold, lenders may view leasehold loans as a greater risk than a freehold loan. Rates, loan totals approved and other aspects of the finance may vary. Longer leases may be assessed more favourably than shorter leases.

Typically, the real estate element of a property purchase and the livestock are financed with separate loans. The land and buildings can be financed with a property loan and the livestock with trade finance. Finance package solutions may be sourced through specialist lenders and brokers.

Interest rates on loans for farms as commercial properties will depend on the buyer’s financials and credit rating, the potential and earnings from the operation, the type of loan, the deposit, and the lender. When using online loan calculators, buyers can use the rates displayed by the provider of the device to generate estimates to use as a guide for planning.

No. Loans for commercial properties differ from residential owner-occupier home loans. Commercial loans can be more complex as they may involve land, buildings, stock, equipment, goodwill and other assets. Separate loans may be required. Interest rates, deposit criteria and payment terms also differ.

No. Online property finance calculators are generic devices that carry out computations based on the data entered by the user. The location of the property is not a factor that will impact the estimates. The location may of a commercial property may impact any lender offer as lenders may assess the potential for the region when reviewing applications and preparing interest rate offers.

An online commercial property calculator has the flexibility to calculate repayments for both fixed and variable interest rate loans. Users enter the rate and the relevant term for the loan they are seeking. Terms for variable and fixed rates vary with loan products and lenders.

No. Transfer Duty is not included in the repayment estimates obtained using an online loan calculation device. Transfer Duty is based on the price or value of a property and varies with the state/territory. The calculation device calculates estimates based on the loan required not the price of the property. Buyers can refer to their relevant state government department for estimates on the Stamp Duty applicable to their purchase.

There is no field in the calculator to include charges applied by lenders. These fees and charges will vary with the type of loan, the lender, and may be impacted by the borrower’s profile. The fees applicable to the loan would not be confirmed until the lender is confirmed. The calculation device is not programmed to select a lender and as such, fees and charges are not included.

The repayment estimates calculated cover paying down both Principal and Interest. The device is not suitable for estimating interest-only loans which may be available for some commercial properties and for investors. The repayment estimates do not include lender fees and charges and the upfront costs that apply to property transactions such as Transfer Duty.

When using a loan payments calculator, users should enter the term which is offered by the lender with the interest rate being used for the calculations. Fixed interest rates are typically offered for 1-5 years only. Variable rates may be offered over a longer term. Commercial property terms and rates can vary from residential home loans. Ensure the appropriate term is sourced to ensure the most accurate results are obtained.