Finance

Overdraft


Meet your daily working capital needs with a 24/7 overdraft facility offering access to your cheque book, Visa card and internet. This 'come and go' fully-fluctuating overdraft operates within an approved credit limit, to keep your capital flowing.


Key Features  .
Uses
  • Fund working capital needs like:
    • crop inputs
    • fertiliser
    • livestock 
    • partner drawings 
    • staff wages 
Minimum amount
  • $100,000
Term
  • Rolled over annually upon review.
Loan repayment
  • A fully-fluctuating facility that is not required to clear annually, provided the account meets basic performance criteria.
Interest rates
  • The Landmark Financial Services variable Base Rate for August 2008 is 8.12%. (Rural Power Base Rate for August 2008 is 8.12%).
  • This Base Rate is adjusted monthly and does not include any applicable client margin. For more information visit fees, terms and applicable taxes.
Interest charging
  • Calculated daily and debited monthly.  
  • Interest charged in arrears.
Loan security
  • First registered mortgage over rural property.
  • Other securities considered on a discretionary basis including:
    • second registered land mortgage
    • livestock mortgage
    • residential property mortgage.
Access to funds
  • Access your account 7 days a week via:
    • Cheque book
    • Rural Visa card
    • ATM/EFTPOS  
    • Direct Debit/credit
    • Electronic funds transfer
    • Internet transacting
    • Finance Online Plus
    • Bank cheque
Fees and Charges
  • Loan establishment fee
  • Limit extension fee (if applicable)
  • Transaction fees
  • Government fees, charges and duties (if applicable)
  • Other fees may apply


Top of Page