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ANZ Grain Growers Advance

A Simple Low Cost Loan for Wheat and Barley Producers on Delivered Grain that incurs no Banking Fees.

At a Glance

Loan Amount Minimum $20,000 to a maximum of $10,000,000.
Loan Term Minimum three months to a maximum of 18 months.
Interest Type Variable interest rate calculated daily.
Interest Charged Quarterly.
Fees and Charges No bank fees. No account service or application fee applies. No underwriting fees. Lodgement fees: Only the standard Grain Board lodgement fee applies which ANZ lodges on behalf of the customer. Government charges such as stamp duty apply where applicable. Please ask your ANZ Rural Manager for details.
Repayments Principal and interest based on quarterly repayments from the AWB/ABB (S.A only). ANZ is assigned the rights to the national pool payments from the AWB/ABB. The distribution pool payments are used to directly repay the loan.
Loan Advance on EPR Advances based on 90% of the EPR/ESR value less costs as calculated by ANZ for both wheat and barley. Option of choosing below 90% of the EPR/ESR to reflect 80%, 70%, 60%, 50% or less of the EPR/ESR less costs as calculated by ANZ.
Eligible Grain Grades Wheat: All grades except Feed Grade and General Purpose. Barley: All grades.
Draw Down Single draw down once confirmation provided by AWB/ABB (progressive draw downs on approval).
Eligibility Existing ANZ customers. ANZ sharefarmers eligible on approval. Non ANZ customers on approval.
Security Required Choice of two options (subject to approval by ANZ):
Irrevocable order assigning grain distribution payments to ANZ; or
Irrevocable order plus standard first registered standard mortgage over farm - for higher EPR/ESR borrowing.
Convenient Locations in Grain Growing Regions ANZ has representatives in all major grain growing districts where our managers can respond quickly to your needs.
Full Service Bank and Product Suite ANZ is a full service bank that not only provides all your financing, transactions and day-to-day banking needs, but also access to people and products in wealth creation and superannuation, risk management, insurance, leasing and other financial areas.

ANZ's Grain Growers Advance provides upfront financing on delivered wheat and/or barley to the Australian Wheat Board Limited (AWB) and the ABB Grain Ltd (ABB). The loan offers attractive interest rates and no bank fees based on up to 90% of the Estimated Pool Return (EPR)/Estimated Silo Return (ESR) less costs as calculated by ANZ.

ANZ's Grain Growers Advance provides wheat and barley growers with cash flow financing within funding limits calculated from the estimated value of the grain delivered.

If you'd like further details or a quote, please contact us by sending an e-form or contact an ANZ Manager.