Rural Loan

A rural loan is ideal for large agricultural business owners looking to expand their operations, purchase equipment, invest in property, or acquire another agribusiness. If you need the funds to expand your farming operations, a rural loan could be the right fit for you.

You can choose from weekly, fortnightly, or monthly payments for rural loans paying principal and interest. This way, you can make repayments in a way that fits your cash flow and business strategy.

Additionally, we offer interest-only repayment options, which may be ideal if you’re looking to free up cash in the short term for farming expenses or investments.

Yes. At Coastline, we don’t charge fees or penalties for making extra repayments or paying off your business loan early. If your loan is fixed, early break fees will apply.

Your loan amount is influenced by the security you offer. In general, security with a high value will allow you to borrow a higher loan amount. Additionally, your overall financial situation, credit score, and business plan will be considered.

When applying for a rural loan, our experienced Business Development Managers will guide you through the process. We’ll work closely with you to find the best loan amount and options to fit your specific needs and business.

This can vary, but common security items for rural loans include:

• property
• agricultural equipment
• business assets with a high value
• assets that can be liquidated easily.

Your security requirements will depend on the loan amount you’re seeking and your overall financial situation. Our Business Development Managers will help you find the most suitable security for your rural loan and explain your options in detail.

The timeframe for a rural loan application can vary. To make a decision, we need to consider the information you have provided and the type of security offered.

Once you submit the required documentation, we aim to process applications within a few business days. Our Business Development Managers will keep you informed at every stage of the process, and if you have any questions, contact us, we’re happy to help.