The nature of agriculture can cause funding gaps between long-term borrowing and day-to-day cash flow. This working capital solution is more flexible than a term loan and more cost-effective than an overdraft.
Only pay interest on the amount you use, calculated daily, with no minimum or fixed repayments.
With no fixed or regular repayments, you can draw down, repay and redraw funds at any time, within your credit limit.
Rates and fees
Unless otherwise advised to you, the following rates and fees apply to the ANZ Agri Flexible Facility:
Monthly account fee
5 free transactions a month. $5.00 for each addtional automated or manual transaction.
Overdraft interest rate
You will pay the Agri Flexible Facility base rate, currently —% p.a., plus a margin on the amount of the agreed overdraft limit you use.
Monthly overdraft management fee
Unless agreed otherwise in your facility agreement, 0.0625%.
Calculated and charged monthly as a percentage of the highest agreed credit limit available during that month.
Overdraft application fee
Minimum amount of either $250.00 or 0.50% of the approved credit limit or increase, whichever is greater.
Unarranged overdraft fee
Excess interest rate
If you don't have an arranged overdraft limit or you exceed your approved overdraft limit we can charge you an excess interest rate. Unless stated otherwise in your facility agreement, the excess interest rate is our Agri Flexible Facility base rate plus 15% p.a. We can charge you excess interest on any amounts over your credit limit, until you repay them.
We designed the ANZ Farm Start-up package to include everyday banking tools to make business banking easier for new farmers. Sign up pay no transaction or monthly account fees on an Agri Current account or Freedom account for 12 months.