ANZ Agri Flexible Facility
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.
Benefits
Cost-effective borrowing
Only pay interest on the amount you use, calculated daily, with no minimum or fixed repayments.
Flexibility
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:
Fee details | |
|---|---|
Monthly account fee | Nil. |
Transaction 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 | $3.00 |
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. |
See the full list of Agricultural rates, fees and agreements. Rates and fees are subject to change.
How to apply
Call us
General business enquiries
7 days a week, 6am - midnight
Business specialists available
Monday to Friday, 8am - 7pm
Saturday and Sunday, 9am - 5pm
From overseas: +64 9 523 7220
Visit us
Find your local branch and make an appointment to talk to a business specialist.
Related products and services
ANZ Agri Current account
An everyday account specifically designed for agricultural business, with easy access to manage transactions online, over the phone or through a bank branch.
ANZ Farm Start-up package
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.
Exclusive offers on third party digital tools
Try out innovative digital tools that make running a business easier with these exclusive offers on accounting, payroll or expense reporting software.
Important information
Eligibility, lending criteria, terms and conditions and fees apply. Details are subject to change.
Fees and interest rates are subject to change. Service charges may apply. For full details refer to the ANZ Fees and Charges brochure (PDF 151KB).
Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.