Sheep & Beef Direct
Fund your farm without the hassle
Buying or refinancing a sheep or beef farm? No need to visit or call the bank. Apply online for a Sheep & Beef Direct loan to get our 9.85% p.a. interest rate, plus the option for interest only repayments.
Are you eligible?
To be eligible for a Sheep & Beef Direct loan, you’ll need to meet the following criteria.
- You are a sheep or beef farmer.
- You have more than 50% equity
- The farm is 50 hectares or larger.
- You will provide us first mortgage security.
- You are 18 or older and a NZ citizen or permanent resident.
- You will be (or become) the owner/co-owner of the farm.
How does it work?
- Complete the 4-step online application anytime, anywhere.
- Get a decision online. No phone calls or bank visits required.
- We’ll confirm your details and loan structure, conduct any required checks and request any supporting documents.
- Have a chat with your lawyer to finalise the loan documentation.
Calculate your repayments
Have a play with the calculator below to see what your repayments could look like.
Got more questions?
- Can I use Sheep & Beef Direct for something other than a buying or refinancing a sheep or beef farm?
- 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.
- What are the interest rates and fees for Sheep & Beef Direct?
- The interest rate for Sheep & Beef Direct is currently a floating rate of 9.85% p.a. 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.
- Why is the application process online?
- 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.
- What if my internet connection isn’t strong enough to complete the application?
- 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.