Introducing LivestockPlus
How it works
Funds are secured against commercial sheep and/or cattle, owned outright by you and consigned to Elders for sale.
Once your application is approved, a cash advance to a maximum of 50 per cent of the estimated future sales proceeds of the consigned livestock (as confirmed by your Elders Branch/Livestock Manager) will be paid into your nominated bank account.
Repayment of principal and interest will automatically occur from the proceeds of sale of consigned livestock (where those proceeds are sufficient to cover the repayment).
Fees and interest
There are no fees on the Livestock Plus facility.
Interest is charged at a rate of 12 per cent per annum (calculated daily and compounded monthly) on the outstanding amount of the advance, from the date of the advance until the date of repayment including all accrued interest.
Things you should know
Some of the requirements of LivestockPlus include:
- a commitment to future livestock sales through Elders
- consigned livestock must have clear title, no PPSR registration or other security interests
- applications are subject to Australian AML/CTF Compliance Program protocols
- product cannot be held in conjunction with StockCo facilities.
For full eligibility criteria and product details please refer to the LivestockPlus terms and conditions.
Ready to apply?
Applying is easy. Simply contact your local Elders branch, or a Financial Services Manager on 1300 618 367, or complete the enquiry form for a call back.
Disclaimer: This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. All information is subject to change. Terms and Conditions apply to all products. Refer to individual product pages for more details or contact your local Elders branch.
Download and read the Elders Financial Services Guide.