Rural Loans common questions

Our interest rates are based on your individual circumstances. Competitive rates apply and will be disclosed upon application.

Your livestock invoice can be sent to [email protected].

The amount of time it takes to set up your loan depends on how soon we receive your documentation back. Once your documentation has been received, we'll be in touch to confirm next steps.

No, the online application is one part of the process designed to reduce the amount of paperwork you need to fill out.

When you apply online, a rural relationship manager will call you to talk through your options including our fees, interest rate and documentation needed.

If your application is approved you will receive a loan document that, once you accept and sign, will finalise your application.

You will not incur any fees until we pay your first livestock invoice.

No, at this stage we are only considering applications for farmers who already own or would like to buy a sheep or beef farm. To be eligible, you must meet the specific eligibility criteria outlined on the website page.

Our floating interest rate for a Sheep & Beef Direct loan starts from 5.99% per annum. Heartland may, at its discretion, charge a higher or lower interest rate depending on your financial circumstances.

There are no establishment or ongoing fees to take out a Sheep & Beef Direct loan. There may be fees associated with varying or discharging your loan.

An online application saves you time by allowing you to apply when and where you choose. There's no need to spend time arranging appointments with rural relationship managers or going into a bank branch.

If you're having internet issues and are unable to complete the application online, you can give us a call on 0800 43 27 00.

Online approval means it looks like you might meet our lending criteria based on the information you entered online. We will need to verify what you have told us with your supporting documentation, conduct any required checks, and confirm your loan structure. Any full approval will be subject to Heartland's lending criteria, terms and conditions.

You’re busy and we like to keep things hassle-free – we want to hear from you if your circumstances change, otherwise we’ll contact you every two years to review your loan.

Our application is a simple, online process that you can complete yourself. Once you have completed the online application and received an online approval, a relationship manager will be in touch. If you have any further questions after approval, we can talk then.

Yes, we offer the option of five years of interest-only, which can be extended in some cases.

After your online approval is received, you'll need to provide us with a copy of your financial statements (less than 9 months old), a statement of position (less than 3 months old) and a valid ID and proof of address. We will also need to get a valuation of the farm, and other verification and checks may be required.

If your farm term loan will be to your company, someone "trading as" or if you rely on another entity for cash flow or security, we will require a personal guarantee from the company directors and shareholders, you or the directors of the other entity. This means that each guarantor will be liable for the obligations of the borrower should it not meet them. It's important you understand what this means and we recommend you discuss this with your lawyer or a trusted advisor.

Yes, we offer a revolving credit facility as a component of Sheep & Beef Direct for working capital needs at competitive interest rates.

Yes, you can repay all or part of your loan early at any time. There may be fees associated with the early repayment of your loan.

We understand that circumstances out of your control may impact your ability to make your loan repayments. In this case, you may be able to apply for a hardship variation. You can find out more and apply here.

Our floating interest rate for a Dairy Direct loan starts from 5.99% per annum. Heartland may, at its discretion, charge a higher or lower interest rate depending on your financial circumstances.

There are no establishment or ongoing fees to take out a Dairy Direct loan. There may be fees associated with varying or discharging your loan.

An online application saves you time by allowing you to apply when you choose, wherever you are. There’s no need to spend time arranging appointments with rural relationship managers or going into a bank branch.

If you’re having internet issues and are unable to complete the application online, give us a call on 0800 43 27 00 and we can help you through the application process.

Online approval means it looks like you might meet our lending criteria, based on the information you entered online. We will need to verify what you have told us with your supporting documentation, conduct any required checks, and confirm your loan structure. Any full approval will be subject to Heartland’s lending criteria, terms and conditions.

We like to keep things hassle-free – we want to hear from you if your circumstances change, otherwise we’ll contact you every two years to review your loan.

We’re confident that you’ll be able to complete our simple online application yourself. Once you have completed the online application and received an online approval, a relationship manager will be in touch. If you have any questions along the way, reach out on 0800 43 27 00, we’re here to help.

Yes, we offer the option of five years of interest-only, which can be extended in some cases.

After your online approval is received, you’ll need to provide us with a copy of your financial statements (less than 9 months old), a statement of position (a list of assets and liabilities less than 3 months old) and a valid ID and proof of address. We may also need to get a valuation of the farm, and other verification and checks may be required.

If you're applying for your Dairy Direct loan on behalf of your company, or someone “trading as”, or if you rely on another entity for cash flow or security, we will require a personal guarantee from the company directors and shareholders, you, or the directors of the other entity. This means that each guarantor will be liable for the obligations of the borrower should it not meet them. It’s important you understand what this means and we recommend you discuss this with your lawyer or a trusted advisor.

Yes, we offer a revolving credit facility as a component of Dairy Direct for working capital needs at competitive interest rates.

Yes, you can repay all or part of your loan early at any time. There may be fees associated with the early repayment of your loan.

We understand that circumstances out of your control may impact your ability to make your loan repayments. In this case, you may be able to apply for a hardship variation. You can find out more and apply here.