Jade Agri Finance FAQs

Yes. Pre-approved loans are priced at the same interest rates as loans sought after purchase. The same loan features, terms, and conditions would apply.

When financing the purchase of machinery with Lease, Chattel Mortgage, CHP and Rent-to-Own, the machinery is accepted as the collateral for the loan. Subject to lender approval, no additional collateral may be required.

A range of repairs to machinery may be financed with an Unsecured Business Loan of an Overdraft. These types of credit can be used for engine reconditioning, major services, tyre and other parts replacement, updating tech and systems and repairs caused by damage.

Where attachments are purchased concurrently with a tractor from the same dealer, the costs may be included in the loan, subject to lender approval. Where purchased separately, they cannot be added to the tractor loan.

During the Lease term, the lender retains ownership of the ATV. At the end of the term, the borrower has the choice of paying out the residual to take full ownership of the vehicle or not finalise the residual and return the vehicle to the lender and relinquish any claim to the vehicle.

Residuals and balloons are both end-of-term loan payouts. A balloon is available with Chattel Mortgage and Hire Purchase. A residual is included with Leasing. The amount of a balloon may be negotiated with lenders. Residuals are in line with ATO schedules.

A balloon is an optional inclusion with Chattel Mortgage and Commercial Hire Purchase. It is a portion of the loan that is set aside and paid in full after the last monthly payment is finalised.

The same asset acquisition products can be used to finance both new and used machines. The interest rates, terms and loan conditions may vary for used compared with new models.

Yes. All asset acquisition credit products offer tax deductions. Lease and Rent-to-Own provide fully deductible payments and Chattel Mortgage and Commercial Hire Purchase provide a deduction through asset depreciation.

The purchase of machinery used in agriculture may be financed with Lease, Chattel Mortgage, Rent-to-Own and Commercial Hire Purchase credit products. All can be effective, but businesses should select the loan type that suits their accounting method and is in line with their financial objectives.