Farmlands Finance -
Farm Flexi & Fixed Pre Application Form

Page 1

Important Information

All information submitted on this pre application form will be provided to both Farmlands Co-operative Society Ltd and Finance Now Ltd. 


All terms and conditions can be found at the end of this pre-application.  

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Important Information and disclosure.

flexi

Farm Flexi is exclusive to Farmlands shareholders.


The idea is simple, put your farming inputs on your Farm Flexi and pay it off when you get paid from them (or earlier if you choose).


How does it work?

Once your Farm Flexi account is open, you have the option to pay your Farmlands account in full, or up to the Farm Flexi credit limit. Farmlands will send an email asking if you would like to use the Farm Flexi account to pay your monthly Farmlands account. Subject to sufficient available funds on your farm flexi facility Farmlands will then arrange for this to occur. 


It’s simple to use, easy to apply for and offers a great range of benefits.

    • No establishment or booking fees
    • No early repayment fees
    • Clear balances when you choose or make partial payments
    • Low account fees that only apply when funds are drawn down so you only pay for what you use — just $19.95 per six month period; If your account is inactive for greater than six months then your annual fee is waived
    • Minimum monthly payments of just 5%
    • Very competitive interest rates of just 11.20% p.a*.
    • Statements emailed at the beginning of each month, for payment by 22nd of the month
    • Maintain rebates

What does Farm Flexi Require? 

    • Payment by Direct Debit is mandatory for all Farm Flexi accounts
    • A valid email address is required for all Farm Flexi accounts
    • Farm Flexi account can only be used to repay the outstanding balance on your Farmlands account
    • Once the Farm Flexi application has been approved an email link will be sent to complete an online activation process before the Farm Flexi account is open

Terms and Conditions apply.

    • Farm Flexi is available to fund any purchase made using your Farmlands Card, whether this be from a Farmlands store or any one of more than 7000 suppliers.
    • The minimum facility for Farm Flexi is $2000, up to a maximum of $500,000, subject to normal credit criteria.
    • Fee structure $19.95 per six months. Fees only apply when funds are drawn down so you only pay for what you use.
    • *Subject to change.
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Important Information and disclosure.

fixed


How does it work?

We can help by providing Farm Fixed term loan facilities from $5000 right up to $500,000, depending on your requirements and circumstances.

You may require funding for:

  • Farm machinery
  • Business vehicles
  • Irrigation Systems
  • Farm bikes

Farm Fixed structure

We have the flexibility to help you schedule the repayments around your requirements, with payment plans ranging from three to 36 months. There is also the option of fortnightly or monthly repayments and, in certain circumstances, interest-only payments.

Shareholders currently receive competitive interest rates of 12.25%* with a low establishment fee of the loan amount. The establishment fee is $125.00 for existing Farm Flexi customers and $250.00 for new customers. Once you have put your Farm Fixed term loan in place, the interest rate is guaranteed for the duration of the loan.

*Note: Interest rates on offer are subject to change at the discretion of Finance Now.  Depending on your finance requirements security may be required. This will generally only be over the asset you are purchasing. Finance Now credit criteria will apply.

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Farmlands Account Information
As it appears on your statement
As it appears on your statement
Application Amount

Example: $5000.00
Applicant Details


If different from above



Example: Sheep, beef, sharemilking, crop harvesting etc.
Address / Contact Details

Rapid, Road or Street #

Road or Street name

Rapid, Road or Street #



Rapid, Road or Street #

Road or Street name

Rapid, Road or Street #

Authority to Act on Account
The person indentified below is authorised to take any action or give any notice or communication on behalf of the applicant in relation to this facility


First, Middle & Last Name









5a on NZ Drivers Licence or Passport Number

5b on NZ Drivers Licence


Page 4

Agreement
Farmlands to share data, Privacy Disclosure and Agreement to contact

Declaration


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Further Terms and Conditions
Provision of Additional Services

Guarantee and Indemnity
By accepting and submitting this application, each Applicant and Guarantor confirms and agrees as follows with the lender, Finance Now Limited (“FNL”):

  1. In consideration of FNL agreeing, at the Guarantor’s request on behalf of the Applicant, to provide the Farm Flexi Facility to the Applicant, each Guarantor hereby unconditionally and irrevocably guarantees to FNL the due and punctual payment by the Applicant of all moneys payable by the Applicant to the FNL under the Farm Flexi Facility and the due and punctual performance by the Applicant of its obligations under the Farm Flexi Facility Schedule (the “Guarantee”).

  2. The Guarantee is a continuing guarantee and will remain in full force and effect until a release of the Guarantee has been signed by the FNL and delivered to the Guarantor. The Guarantor’s liability shall not be affected by the liquidation of any party, any indulgence by FNL to the Applicant, the non-exercise by FNL of any rights and powers under the Farm Flexi Facility Schedule, the release, variation or abandonment of any security or other guarantee held by FNL or by any other matter which might otherwise release or limit the Guarantor’s liability under the Guarantee.

  3. FNL may increase the credit limit under the Farm Flexi Facility and will not be required to obtain the Guarantor’s agreement. Further, FNL is not required to provide the Guarantor with any information about the Applicant, the Applicant’s indebtedness or any default under the Farm Flexi Facility.

  4. Each Guarantor is liable under the Guarantee as a principal debtor and not merely as a security.5. As a separate and independent obligation, the Guarantor agrees to indemnify FNL against any loss or damage FNL may suffer or sustain by reason of any breach by the Applicant of the terms of the Farm Flexi Facility Schedule or by reason of the Farm Flexi Facility Schedule becoming void or unenforceable in any respect against the Applicant.
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