Farm Equipment Finance For Business

Your guide to getting the right farm equipment finance.

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Find the best Farm Equipment Finance for you with Emu MoneyFind the best Farm Equipment Finance for you with Emu Money

A quick guide to farm equipment finance

Farm equipment finance provides farmers with a practical solution to acquire essential machinery and tools for their agricultural operations. It enables them to overcome the financial barrier of upfront costs associated with purchasing equipment outright. By leveraging farm equipment finance, farmers can access the necessary resources to enhance their productivity and efficiency. This financing option specifically caters to the unique needs of the agricultural sector, allowing farmers to acquire tractors, harvesters, irrigation systems, and other vital equipment. Farm equipment finance ensures that farmers can invest in the latest technology without depleting their capital, empowering them to thrive in their agricultural endeavours.

Here's what farm equipment finance typically looks like:

eligibility orange tickBorrow from $5,000 - $5,000,000
eligibility orange tickLoan terms from 1 - 7 years
eligibility orange tickWeekly, fortnightly or monthly repayments
eligibility orange tickFixed interest rates from 7.44%
eligibility orange tickInterest rate tailored to your situation

What can I use farm equipment finance for?

Farm equipment finance can be used for a wide array of agricultural machinery, from tractors and harvesters to irrigation systems and ploughs. It covers both new and used equipment. Whether you're upgrading your existing machinery or investing in advanced farming technology for increased productivity, farm equipment finance can provide the necessary funds.

Here are some common reasons people take out farm equipment finance:


Farmers commonly use farm equipment finance to purchase tractors, which are essential for various agricultural tasks, such as plowing, planting, and harvesting.


Farmers utilise farm equipment finance to acquire harvesters, enabling efficient and timely harvesting of crops like wheat, corn, or soybeans.

Planting and Seeding Equipment

Farm equipment finance helps farmers invest in planting and seeding equipment, allowing them to sow seeds accurately and efficiently across their fields.


Farmers use farm equipment finance to purchase sprayers for applying fertilisers, pesticides, or herbicides to their crops, ensuring proper plant health and yield.

Hay and Forage Equipment

Farm equipment finance supports the acquisition of hay and forage equipment, which is crucial for harvesting and storing animal feed like hay or silage.

Livestock Handling Equipment

Farmers utilise farm equipment finance to invest in livestock handling equipment, such as chutes, gates, and pens, to ensure the safe and efficient handling of animals.

Irrigation Systems

Farm equipment finance helps farmers install or upgrade irrigation systems, ensuring proper water supply to crops and optimising their growth and yield.

Grain Storage Facilities

Farmers can use farm equipment finance to construct or expand grain storage facilities, providing adequate storage capacity for harvested crops.

Milking Equipment

Farm equipment finance supports the purchase of milking equipment, including milking machines and cooling tanks, for efficient and hygienic milk production.

Fencing and Livestock Containment

Farmers utilise farm equipment finance to invest in fencing and livestock containment systems, ensuring the safety and security of their livestock.

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How much can I borrow for farm equipment finance?

When it comes to farm equipment finance in Australia, the amount you can borrow depends on various factors, such as the type of equipment, its value, your financial profile, and the specific lender's policies. Farm equipment finance allows farmers and agricultural businesses to acquire the necessary machinery and tools to enhance productivity and efficiency in their operations. Lenders in Australia typically offer farm equipment finance ranging from a few thousand dollars to several million dollars. The loan amount will be based on the value of the equipment you intend to purchase. For smaller equipment, such as handheld tools or smaller machinery, the loan amount may be on the lower end of the scale. On the other hand, for larger and more expensive equipment like tractors, harvesters, or specialised machinery, the loan amount can be significantly higher.

The borrowing capacity for farm equipment finance also depends on your financial stability, creditworthiness, and ability to repay the loan. Lenders will consider factors such as your income, credit history, and existing debts when determining the loan amount. It's important to note that while farm equipment finance can provide substantial funds for equipment purchases, it's essential to borrow responsibly and consider your financial capabilities. Evaluate your cash flow, projected returns from the equipment, and budgeting to ensure you can comfortably repay the loan without straining your financial resources.

Farm Equipment Finance Repayment Calculator

To estimate your monthly repayments and the total cost of the loan, input the loan amount, loan term and interest rate into the calculator below. This helps you plan your budget and choose the most suitable loan terms.

Loan Amount
Establishment Fee
Loan Term (Years)
Interest Rate
Total amount to repay
Your repayments

Balance over time

Am I eligible for farm equipment finance?

Lenders consider several factors when assessing your eligibility, including your credit score, income, debt-to-income ratio, age, residency, and required documentation. While meeting the eligibility criteria doesn't guarantee loan approval, having a good credit score, stable income, and a positive financial profile significantly improve your chances.

You are eligible to apply for farm equipment finance if you are:

eligibility orange tickOver the age of 18; and
eligibility orange tickAn Australian citizen or permanent resident; and
eligibility orange tickHave a regular source of income, that is enough to meet the repayments

How to apply for farm equipment finance?

Applying for farm equipment finance is easy and only takes a few minutes. Get started by filling out some basic information into our application form. We’ll review your information, and someone will be in contact with you to discuss the best option for you from over 40+ Australian lenders.

If you’re eligible for farm equipment finance, and you are happy with the initial quote, you will need to prepare documents such as:

eligibility orange tickPassport or drivers licence
eligibility orange tickProof of income and expenses (e.g. payslips, bank statements)
eligibility orange tickDetails of any current debts or other loans

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How to get the best farm equipment finance for you?

When searching for farm equipment finance, it's essential to understand the different factors to find the best fit for your needs. From interest rates and fees to loan terms and early payout options, each factor can increase or descrease the total amount you will repay.

Interest Rate

When it comes to obtaining an farm equipment finance loan, one of the most important factors to consider is the interest rate. The interest rate directly impacts the overall cost of borrowing and your monthly repayment amount. It is crucial to compare rates from different lenders to ensure you secure a competitive rate that aligns with your financial goals and helps you save on interest expenses over the loan term. Keep in mind that your creditworthiness, the type of equipment being financed, and the lender's assessment of risk will all influence the interest rate you are offered.


In addition to the interest rate, it is essential to carefully evaluate the fees associated with farm equipment finance loans. These fees can include application fees, origination fees, documentation fees, and ongoing administrative fees. By understanding the fee structure of different lenders, you can choose a loan with transparent and reasonable fees. It's important to note that while some lenders may have lower interest rates, they may offset it with higher fees. Therefore, a thorough assessment of both interest rates and fees is necessary to ensure you minimise costs and maximise the value of your farm equipment finance loan.

Comparison Rate

When comparing farm equipment finance loan options, it is not sufficient to consider the interest rate alone. To gain a comprehensive understanding of the true cost of the loan, it's essential to examine the comparison rate. The comparison rate takes into account both the interest rate and any additional fees associated with the loan. This rate allows you to make a more informed decision by considering the total cost of borrowing. By comparing comparison rates from different lenders, you can better assess the overall affordability of each loan option.

Loan Term

The loan term or repayment period is an important aspect to consider when obtaining farm equipment finance. The loan term typically determines the duration of your repayments and can range from a few months to several years. A shorter loan term usually means higher monthly repayments but lower overall interest costs, as you'll be repaying the loan in a shorter timeframe. On the other hand, a longer loan term may result in lower monthly repayments but could mean higher interest expenses over the life of the loan. It is essential to evaluate your business's cash flow and equipment usage to determine the loan term that best suits your financial situation.

Balloon Payment

In some cases, farm equipment finance loans may include the option for balloon payments. A balloon payment is a larger lump-sum payment due at the end of the loan term. While balloon payments can help reduce monthly repayment amounts, they require careful consideration. It's important to assess whether your cash flow and financial resources will allow for the balloon payment when it becomes due. Balloon payments can be a suitable option if you anticipate having significant funds available or if you plan to refinance the balloon payment at the end of the loan term. However, it is crucial to fully understand the implications of balloon payments and their impact on your overall financial strategy before committing to this structure.

Early Payout

Flexibility in loan repayment is a valuable feature to consider when seeking farm equipment finance. Early payout options allow you to repay the loan before the agreed-upon term without incurring any penalties or additional charges. This flexibility can be advantageous if your business experiences a financial windfall, allowing you to reduce interest expenses and become debt-free sooner. Before finalising an equipment finance loan, it's essential to review the terms and conditions to ensure that early repayment is possible and to understand any potential limitations or conditions that may apply.

Find the best Farm Equipment Finance for you with Emu MoneyFind the best Farm Equipment Finance for you with Emu Money

Frequently Asked Questions

Still have questions about farm equipment finance?

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

What is the interest rate on farm equipment finance
Can I finance used equipment?
What is the typical term for farm equipment finance?
Do I need to provide a down payment?
Can I get farm equipment finance with bad credit?
Are there any tax benefits to farm equipment finance?
Can I pay off my equipment loan early?
Can I lease equipment instead of buying?
What is the difference between a lease and a loan?
What happens if the equipment breaks down?
Can I refinance farm equipment finance?
Is equipment insurance required?
Do I need a good business credit score for equipment financing?
Can I include installation, maintenance, and other costs in my loan?