Interest Rates

Like all businesses Farm Source is faced with rising costs. Our key focus has been and will continue to be around providing competitive prices for quality farm supplies, helping to ensure a sustainable and profitable future for farming in New Zealand.

The current rate for default interest is 2% per month (24% per annum) and interest on arranged finance is 1.1% per month (13% per annum).

We do understand in this industry there may be times when there is a payment shortfall. Should you become aware of any reason why a payment may be late, please contact the Farm Source Credit Team on 0800 731 266. It is our aim to resolve any issues as quickly as possible and work with you to minimise any disruption to your business.

Tools to make your business run smoothly...

  • Direct Debit: When paying by Direct Debit not only will you avoid late penalties, as the monthly amount is deducted from your bank account, but you'll save time and money by not having to write cheques, pay for postage or travel anywhere to make payments by cash.
  • Online statements: see an up-to-date snapshot of transactions on your Farm Source account, anywhere, anytime. This handy tool is available to anyone, it's easy to register and best of all it's free!

Call our Customer Service Team today on 0800 731 266 to discuss the best options for managing your Farm Source account - we're happy to help.