Calculating Your Repayments

Using our simple farm equipment loan calculator, you can quickly get an estimate of your regular repayments.

To use the calculator, simply enter the following information:

• The loan amount - the total amount of money you wish to borrow for your farm equipment purchase.
• Loan term - the total length of the loan, between 1-7 years. A longer loan term will mean lower weekly/monthly repayments but the total cost of the loan will be higher.
• Interest rate - the rate you will pay on the loan. This is set to 3.99% by default but keep in mind that actual interest rates will depend on your credit history and personal circumstances.

An online calculator is a great way to get a quick estimate of your repayments to get an idea of what you can afford to borrow. But we always recommend speaking to a Credit One finance consultant for an accurate estimate.