Jade Agri Finance FAQs

No. There should be no obligation on the part of a user of online calculators to proceed to request a quote or apply for finance from the provider of the device.

Online calculators are provided by lenders and brokers as a free-to-use resource. There is no charge for using online calculators.

Online calculators can be used to generate estimates to be used as a guide for used machinery loans. Used machinery loans can attract a different interest rate than new machinery. The exact rate may not be known until the application is assessed by a lender. Users can use the new machinery loan rates as a guide for calculating estimates.

Online calculators are generic devices which can generate estimates on many types of loans including Lease, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own. Users should ensure they are using the correct interest rate for the loan type required when calculating estimates.

Most online calculators do not store or save the results calculated by users. If a user wants to keep the results for future reference, they should note them separately. 

Online loan calculators generate repayments based only on the values entered by the user. These may not be the interest rate, term or loan that a lender offers or approves to that user when they apply for finance. The repayment estimates do not include lender fees and charges. Repayment estimates generated with online calculators are to be treated as estimates only.

Yes. When generating repayments using a loan calculation device, users should only enter the amount they will require for their loan. If they are making a deposit, this amount should be deducted from the purchase cost to arrive at the loan amount required.

No. When using an online calculation device to generate loan repayments that include a balloon, users should not deduct the amount of the balloon from the loan total entered. Enter the amount of the loan which includes any balloon. Select a percentage or amount for the balloon. The device will make the adjustment when calculating the monthly repayment estimate.

When using a machinery loan calculator, users should use the interest rate relevant to the credit facility they require. They may use the interest rates as displayed by the lender that has provided the device or a rate sourced from another lender.

Repayments with a Lease can be compared with those with CHP by using the relevant interest rates for the loan type. Rates for Lease and CHP are different. Calculate the repayments with the Lease rate while leaving all other values the same. Do the same with the CHP rate and note the difference.

No. Fees and charges applied by lenders vary with the lender and the loan. The fees would not be known until the lender is arranged and the loan quoted. Online calculators do not have the functionality to allow for these charges.