We know that time is of the essence when it comes to expanding your business. With Metro, you can expect a fast and streamlined loan application process, ensuring that you are approved for agricultural equipment finance as quickly as possible.
Metro has built a strong reputation as a trusted commercial finance provider for farm equipment. We have now introduced agricultural equipment finance products for businesses. Our expertise in the industry makes us the go-to choice for brokers and farmers who are looking to take out farm equipment loans to grow their business.
Metro’s farm equipment financing solutions offer competitive fixed interest rates, ensuring that the best possible financing terms are passed on to you. With no annual or account keeping fees, you can enjoy transparent and cost-effective farm equipment financing solutions.
Our loans have already helped businesses across Australia finance new assets to fuel their growth. With flexible loan terms ranging from two to five years and loan values available from $10,000 to $500,000, you can secure the funding necessary to grow your commercial business.
Speak to your broker or click here to be put in touch with one of our trusted brokers.
Product features:
Choose this agriculture equipment finance product if you are looking for a straightforward and cost-effective financing solution that aligns with your business goals.
Product features
Don’t just take our word for it. See what our satisfied customers and accredited introducers have to say about their experiences working with Metro.
Yes, Metro offers farm equipment financing solutions for both new and used agricultural equipment. This applies to businesses looking for tractor loans and other types of agricultural equipment finance products.
Typically, like many asset finance products, the asset being financed serves as security for the equipment loan.
If your farm equipment loans include a residual or balloon payment, Metro will provide a letter detailing the outstanding balance, giving you the option to pay out or refinance.
There are many different businesses and individuals who can apply for agricultural finance, but typically they are farmers or businesses that work in the agriculture sector, or individuals with an ABN that can prove they need the equipment for their business.
There is a range of equipment you can finance with Metro, including:
Tractors
Harvesters
Wheeled handling equipment
Self-propelled mower conditioners
Self-propelled sprayers
While the exact timeframe can vary depending on various factors, including the completeness of the application and the complexity of the financing request, we strive to provide a decision as quickly as possible with many loans being approved within 24-48 hours.
While each lender and finance provider will have different requirements, like any loan application, you will need to prove your identity and the registration of your business, as well as evidence to support that you will be able to make repayments on the loan. You might also have to show evidence to support why need farm equipment, and what it will be used for.
Yes, but be aware that some loans may have penalties if you choose to pay off the loan early.
Applying for any loan can affect your credit score, but not necessarily negatively. Managing the loan by making payments on time can help maintain a good credit score over time.
The length of a loan term will depend on several factors including the financial package and the equipment being financed, but a typical loan term is between one and five years.
Talk to your broker to discuss your tertiary or other equipment asset finance needs and take the next step toward enhancing your business's productivity.
