Up to 30 years

Maximum individual loan size

Determined by applicants’ maximum borrowing capacity

Interest rate

Variable rate as determined by Country Housing Authority Board

Maximum property value

No Maximum

Maximum loan amount

No Maximum

Maximum assessed income limit

No Maximum

Lenders mortgage insurance

Nil

Account keeping fees

Nil

Management fees

Nil

Redraw facility

N/A

Loan repayments

Monthly, Quarterly, Half Yearly

Deferred establishment fee
(if leaving country loans centre)

Within first 24 months of funding date          0.80%
Between 24 to 36 months of funding date      0.60%
Between 36 to 48 months of funding date      0.40%
Between 48 to 60 months of funding date      0.20%

To build, purchase, renovate or modernise a dwelling on a farm
To build or purchase a dwelling in a nearby town

Deposit

Minimum 20% equity in assets required

Applicants

Farmers, their dependants or their employees

Owner Builders

Acceptable

Land Loans

Not Available

To provide finance to rural employers who wish to build or buy a dwelling for themselves, their staff or their dependants

Deposit

Maximum LVR 90%
*100% loan may be offered when multiple properties are offered as security

Applicants

Rural employers

Owner builders

Acceptable

Land loans

Available

Provide funding for the purchase of RAPS (solar, wind etc)

Deposit

Minimum 20% equity in assets required

Applicants

Pastoralists and Farmers