Rural home loans are designed to help you buy rural properties for personal or business use, be it a dream home in the country or a dairy farm. Applying for a rural home loan or a rural property loan can be hard but it’s not impossible to approve. Though many banks and lenders do not want to take the risk, Australian Lending Centre has always done what the banks don’t do, help those who need a loan for rural property, hobby farm, commercial farm, ranch property, country farm, bare land, vineyards, and more.
Is my farm a Hobby Farm or a Commercial Farm?
There is a difference between the two farms. Hobby farms are primary residential residents that are not used as speculative investment or commercial income. Your hobby farm can be used to raise livestock and grow crops but only as part of a lifestyle for the owner. Your hobby farm has no assets like machinery, livestock, crops, etc.
How much of a deposit will I need for a rural property?
Deposits will vary based on the size of the property and can range from 5% to 30% or more.
Is there a way to calculate how much I can borrow?
Yes, use any of our loan calculators HERE.
What does “ha” mean?
“HA” stands for hectares. 10 hectares or 10 ha is 25 acres. Your land size in “HA” will dictate how many you can borrow.
Can I get a short term loan?
If you meet all the requirements, yes. Our friendly specialists will walk you through everything you need to do to apply for a short term loan.