Landmark has unveiled its new and enhanced suite of financial lending products designed to better cater for the needs of farmers and regional communities.
The release of the new products follows the recent purchase of the Landmark loan book from Rabobank and the establishment of Landmark’s innovative funding vehicle “Rural Trust’.
AWB Group Managing Director Andrew Lindberg said the growth of the Landmark loan book over recent years demonstrated the willingness of rural communities to look at alternative agri-finance providers to the traditional banks.
He claimed the new suite of products highlighted Landmark’s depth of understanding and demonstrated experience when it came to customizing suitable finance solutions to meet the needs of rural communities.
“With over 150 years of experience in Australian agriculture Landmark has a better understanding of the needs of farmers and as such can provide the best possible products and service to meet their needs,” Mr Lindberg said.
“Now following the creation of its new funding vehicle, Landmark has been able to extend its suite of lending products to include the new Revolving Line of Credit and Equity Advantage products, as well as Machinery, Equipment and Vehicle asset finance through Landmark’s alliance with FarmerEquip
“These new products complement the existing product range which already includes Overdraft, Term Loans and Seasonal Loans,” Mr Lindberg said.
Mr. Lindberg said Landmark’s Revolving Line of Credit product was the ultimate ‘all in one' account giving clients the convenience of managing all their short and long term borrowing requirements. It allows them to re-draw and re-pay funds at any time, within their approved limit, depending on their needs. It comes with Cheque Book, Visa, ATM and Internet access.
He added that Landmark’s Equity Advantage product allowed clients to select funds from one or more Term Loans or a Revolving Line of Credit. Ideally suited for well-established businesses, it also gives them the ability to open new accounts without additional application fees and draw upon their funds 24/7, with no new application forms or application fees, approvals, or waiting periods.
Mr Lindberg also highlighted Landmark’s ability to facilitate flexible and competitive asset finance deals for rural businesses through its alliance with Farmer Equip.
“Through Farmer Equip, Landmark is able to source the best possible prices from a panel of financiers who are competing for business,” Mr Lindberg said.
“It’s available for machinery, equipment and vehicle finance regardless of whether it is new or used.”
Mr Lindberg said the new and enhanced product suite demonstrated Landmark’s commitment to look at new and innovative ways of providing finance solutions for farmers and regional communities.