The AgriStarter loans are designed to assist first time farmers and loans to support support farm succession arrangements.
- Up to $2 million
- Over 10 years with the first five years’ interest-only
- Variable interest rate is 1.77%
Percentage of total debt — at least 50% of your total debt must stay with a commercial lender.
Frequency of repayments — tailored to the cash flow of the farm business.
Repayment structure — Five years interest only at the current variable rate of 1.92% then five years’ principal and interest over a 10-year loan term. After 10 years, you can refinance any remaining balance with a commercial lender.
Full terms and conditions are available in the loan guidelines.
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