Introducing Wool Cash Advances
To provide you with the financial flexibility you need to manage your on-and off-farm expenses, Elders Finance brings you a choice of cash advances against the equity in your clip.
WoolPlus
Our WoolPlus facility gives approved applicants a cash advance of up to $500 per bale, or 50 per cent of your expected wool sale proceeds.
Once approved, the funds are deposited in your nominated bank account.
At the time of application you must nominate an Elders wool warehouse centre. Once shearing is complete you then consign your clip to the nominated wool centre.
There are no fees and you can apply up to six months before your estimated shearing date.
Interest is charged at a rate of 12 per cent, per annum, from the date the advance was paid, until the advance plus all accrued interest is repaid to us.
Repayment of principal and interest automatically occurs from your wool sale proceeds.
Terms and conditions apply. Read the full terms and conditions.
Use Shear Cents for purchases including:
- Drenches, dips and backliner products
- Fly control and remedy products
- Nutritional products – vitamin injections and lick blocks
- Requisites – wool packs, bale clips, stencils and inks, brooms
- Shearing equipment – combs, cutters, repair kits etc.
- Speak to your local branch manager about the Shear Cents facility.
Terms and conditions apply. Read the full Terms and conditions.
Shearing Advance
Shearing time can be expensive. Our Shearing Advance is designed to assist with immediate shearing related expenses.
Once approved, a cash advance to a maximum of $500 per anticipted bale will be paid into your nominated bank account, provided you consign your wool to Elders.
There are no upfront fees and repayment of principal and interest automatically occurs from your wool sale proceeds.
Interest is charged from the date after any interest free period ends, until the advance plus all accrued interest is repaid. Interest is calculated on the amount of the advance (calculated daily and compounded monthly).
Rates vary and are available on application. Terms and conditions apply. Read the full Terms and conditions.
Enquire now
Contact your local Elders branch, your local 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.