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NAB Farmer's Choice Package
NAB's Farmer's Choice Package ensures you have enough flexibility to deliver the financing requirements your farm business needs.
It offers you:
- The ability to choose products to align interest and principal repayments with your anticipated seasonal income;
- A range of loan terms to select from, and package terms of up to 15 years;
- Ability to reborrow up to an agreed limit with no new application fees;
- An opportunity to streamline finances with the inclusion of a NAB Farm Management Account. Each NAB Farmer's Choice Package must have a NAB Farm Management Account linked to it, which can also be combined with an overdraft limit.
The result is a comprehensive financial solution that takes into consideration the impact of seasonality on your operations and the need for flexibility in your financial arrangements.
For further details on the NAB Farmer's Choice Package, contact your local Agribusiness Manager or call 13 10 12.
| Suitable for |
NAB Farmer's Choice has been specifically designed for rural producers |
| Choice of term |
Package term of up to 15 years. The availability of a longer term assists with your business planning. |
| Ability to choose interest only and/or principal and interest facilities |
Repayments can be structured monthly, quarterly half-yearly or annually in accordance with your anticipated farm business cash flow requirements. |
| Transaction account is automatically included in the package |
Farmer's choice provides a complete banking package covering both lending and transactional requirements. |
| Ability to reborrow up to the initial limit |
Primary producers have the ability to reborrow up to the initial maximum aggregate borrowing limit at any time without incurring new application fees subject to credit assessment criteria and at the bank's discretion. |
| Debt reduction milestones |
When you apply for NAB Farmer's Choice, debt reduction milestones are also agreed with you and your maximum aggregate borrowing limit reduces in line with these milestones. |
| We're here to help |
To find out more about NAB's business products and services, or to make an appointment with a NAB Agribusiness Manager, please select one of the following options:
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