Agriculture finance

Flexible and affordable finance for agriculture. Be astounded by how much you can save with Savvy

Keep your agribusiness ahead of the game with flexible finance

Better rates for financing tractors, harvesters, haymakers, irrigation, tillers and picking/grading equipment

Flexible agricultural loans and leases

Agribusiness is vital to Australia, and we offer a range of agricultural equipment loans and leases that come with low rates and flexible terms. We find you leases that help keep your operation at peak efficiency. Our consultants can set up finance leases and operating leases to secure your cash flow. Ask about adjustable loan repayments for seasonal agribusinesses, giving you greater peace of mind.

Finance tailored to your agribusiness

Savvy connects with over 25 of Australia’s top lenders in agricultural equipment and vehicle finance. Our consultants help find you the best deal that suits your situation and circumstances. We can tailor an agricultural equipment finance solution that doesn’t require you to invest any capital of your own. We can even find loan products such as chattel mortgages or hire purchases with 100% finance or more, so you can amortise extras such as insurance and training costs.

Calculate, compare and save on your agriculture finance

Getting the best price and the most flexible terms is important to any agribusiness. That’s why we offer a free agricultural finance calculator, giving you the power to do the maths yourself and see how much you can save.

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
Savvy Secured Agriculture Loan 4.49%
fixed
6.60% $559.15
BankWest Business FeeSaver Loan - Res Sec 5.80%
fixed
5.80% $577.20
BankSA Business Loan Variable 6.78%
variable
6.78% $590.93
ANZ Business Loan Variable - Res Sec 7.10%
variable
7.10% $595.45
Commonwealth Bank BBL Var Non-Res Sec 7.81%
variable
7.81% $605.57

* The interest Rate of 4.49% p.a. with a comparison rate of 6.60% p.a. is based on a 5 year secured consumer fixed rate loan of $40,000. WARNING: The comparison rate, monthly repayment and total cost applies only to the example given and may not include all fees and charges. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate. Establishment fees and monthly fees apply only to consumer loans. Commercial use loans may attract different fees.

See how we can help you with your agriculture finance

We are accredited with the most reputable lenders in Australia giving you a fair choice to compare.

Got a question about your agriculture loan?

Find answers to common questions about agriculture finance here

I run an agricultural business that needs specialised plant. Can I finance it?

Yes – Savvy helps all types of farms and agribusinesses find flexible and affordable loans for all types of plant, from tractors to haymakers to skid steer loaders and more.

My business is new. Can I apply for equipment finance?

Yes - We have helped many startups and micro-businesses find the equipment finance that they require. You get the right service and the right products, every time.

I want to lease equipment, but have the option to buy – is that possible?

Yes – finance leases give you the option to buy the equipment outright at the end of the lease term. Ask your consultant to find out how you can achieve your business goals with a finance lease.

Can I claim tax and other deductions back?

Yes - most agribusiness equipment leases and loans allow for GST and interest claims back on your tax. Ask one of our consultants for guidance.

I run a seasonal agribusiness. Can I apply for agricultural finance?

Yes – many of the lenders we deal with offer products with flexible repayment terms that cater to seasonal and harvest-based agribusiness.

Helpful guides to agricultural finance

Use our helpful guides below to learn more about agriculture finance and how it impacts the agricultural industry

Buying new vs. used agricultural machinery

Keeping a farm operating requires a lot of work and a lot of capital. Buying used agricultural machinery such as tractor, may be a viable option, especially if you’re facing a bigger than expected harvest. Depreciation may occur faster, but it will get the job done. Buying new means high residual value in your asset, and lower maintenance costs as parts and machinery is factory fresh. If you decide to rotate crops or move into different commodities, you can sell for more.

Leasing equipment vs. buying

A major decision for any farmer or agribusiness manager is to lease or buy farm equipment. Buying creates an asset on the books, which can count towards your profits. You can also claim depreciation, tax and other benefits. However, if your farm or agribusiness needs more flexibility, operating or finance leases may be preferable. This gives you the opportunity to switch out existing equipment within a given time frame, so you’re always using new or near-new equipment.

Agribusiness loans – how they differ

In contrast to other types of commercial loans, Agribusiness is often dependent on seasonal income, so banks and lenders accommodate repayments when cash flow is better – around harvest time. Terms can vary from three months up to thirty years; especially when some equipment can cost six to seven figures. One can separate the loan into interest only (with a balloon payment due at term) or principal and interest, like most other loans. Some loans also come with a redraw facility.

Buying agriculture equipment after lease

Many agribusinesses lease their equipment with an operating or finance lease as it suits their aims and method of operation. However, once a lease term concludes, a farm or agribusiness has the option to buy their equipment outright, if it suits their financial position and goals. The usual method is to pay out the residual value of the equipment leased. Though this is a lump sum, your business can finance this using a variety of commercial agribusiness loan products.

Brands you can trust

We are accredited with the most reputable lenders and insurers in Australia giving you a fair choice to compare