Finance for farmers and growers

NFU Mutual Finance - Supporting the rural economy

At NFU Mutual Finance we understand that running a business is demanding at the best of times. That's why we've developed a range of financial products specifically for farmers and growers.

Our loans, flexible accounts and finance packages leave you free to run your business efficiently and cost-effectively.

Machinery, equipment, cars, commercial vehicles, tractors, land and property acquisition or business development – whatever you wish to finance, we could help.

* For security and training purposes calls may be recorded and monitored.

Cheque book credit facility

20:20 lets you plan ahead. This chequebook credit facility offers flexibility and the chequebook can be used for almost anything. There are low repayments – a minimum of 2.5% on the outstanding balance, plus a small monthly fee when in debit. Variable rates of interest. A monthly statement. No security requirement, in most cases and this does not affect your existing banking arrangements.

Hire purchase

Payments can be structured to suit your cash flow. Take a 'payment holiday' if you need cash elsewhere in your business. Ownership of equipment passes to you on final payment. Existing funding from your bank can be retained for alternative use. Flexible deposit and repayment terms allow you to match outlay to income.

Finance lease

Simple, regular payment method and payments can be structured to suit cash flow with low initial outlay, and periods of up to 7 years are available. Existing funding from your bank can be retained for alternative use and VAT is payable by you on the payments and not the cash balance – reducing your immediate outlays.

Operating lease

Rentals are based on depreciation of asset throughout the term so payments are usually lower than for Finance Lease or Hire Purchase. Operating leases could be classed as 'off balance sheet' finance which could improve key financial ratios for your business. Existing funding from your bank account can be retained for alternative use. The initial cash outlay is usually only 1 monthly payment and rental payments are usually allowable for tax relief. VAT is payable on the rental rather than up front which reduces immediate outlays.

Business development loans

Flexible finance terms of up to 25 years – helps you plan repayments. Fixed or variable interest rates are available. Flexible repayment structures matched to your income which is ideal for projects where income could be delayed. You could take a 'payment holiday' if you need cash elsewhere in the business and interest only options and Euro loans may be available too.

We have local offices across the UK. Use this search facility to find your nearest.