Agricultural Hire Purchase

More Benefits

• Flexible – payment patterns tailored to your farming business
• Ownership – the title will pass on to you after payment of the completion fee
• Tax benefits – interest charges can be offset against taxable profits and capital allowances can be claimed

Further Features

• Competitive fixed or variable interest rates
• Fixed or variable terms available
• Goods are treated as assets on the balance sheet from the start of the agreement

Complementary Solutions

• Farm Investment Loan

Important Information

• Interest rate
  • Rates may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your local Agribusiness Partner for more details
• Fixed or variable rates
  • Fixed – calculated at inception
  • Variable – calculated daily
• Minimum term – 6 months
• Maximum term – negotiable
• Alternative option - Agricultural Finance Lease
• Costs
  • Documentation Fee – paid at the outset of the transaction
  • Completion Fee – paid to transfer ownership at the end of the transaction
  • Fees and charges may be individually negotiated and the amount you are charged will depend on your circumstances – speak to your local Agribusiness Partner for more details
• Terms and conditions
  • A deposit may be required
  • You claim capital allowances
  • Security may be required
  • The ongoing maintenance of the asset is your responsibility
  • Full terms and conditions are available on request

In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make call on, or realise any security pledged in support of the borrowing.