| ||Interest rate reduction on AWB Harvest Payment loans|| ||
AWB Limited today announced a reduction in its interest rates on the National Pool Harvest Payment loan
The 0.5 per cent rate cut will come into effect on February 20.
AWB Limited Chief Executive Andrew Lindberg said the reduced rates would apply across all tiers of Harvest Payment Loans.
“AWB Limited’s competitive financing is now even more so and we are pleased we can immediately pass on the benefit of falling official interest rates to growers,” Mr Lindberg said.
AWB Limited’s Indicator rate is now 8.5%. Discounts apply for larger Harvest Payment Loans, and a 0.25 per cent loyalty discount also applies for growers who take the Harvest Payment options for all their pool deliveries.
For further information contact Paul Ryan in AWB Public Affairs on (03) 9209 2098 or 0408 347 282.