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Equipment Loans
Farm Bureau Bank understands the importance of acquiring the right farm equipment at the right time. That’s why we offer flexible terms and competitive
rates for virtually any type of agricultural equipment or implement available. When you’re ready to purchase or refinance your next new or used equipment, be sure
to look to Farm Bureau Bank.
APPLY ONLINE NOW
Equipment Loans - Features
- Competitive rates for new and used equipment
- Up to 90% financing for new equipment and 85% for used
- Terms up to 7 years for new equipment and 5 years for used
- Monthly, quarterly, semi-annual or annual payment plans available
Financing your farm equipment through Farm Bureau Bank is a hassle-free way to get the equipment you need to keep your operation running smoothly.
Equipment Loan Annual Percentage Rates
| Equipment Model Years 2009-2010 | Equipment Model Years 2000-2008 | |||||||
|---|---|---|---|---|---|---|---|---|
| Term | $5,000 - $9,999 | $10,000 - $15,999 | $16,000 - $24,999 | $25,000 or more | $5,000 - $9,999 | $10,000 - $15,999 | $16,000 - $24,999 | $25,000 or more |
| 1-2 Years | 5.99% | 5.64% | 5.24% | 5.15% | 6.49% | 6.14% | 5.84% | 5.65% |
| 3 Years | 6.79% | 6.44% | 5.54% | 5.40% | 7.29% | 6.94% | 6.04% | 5.90% |
| 4 Years | 7.15% | 6.80% | 5.90% | 5.65% | 7.65% | 7.30% | 6.40% | 6.15% |
| 5 Years | 7.15% | 6.80% | 5.90% | 5.90% | 7.65% | 7.30% | 6.40% | 6.40% |
| 6 Years | n/a | n/a | 5.99% | 5.90% | n/a | n/a | n/a | n/a |
| 7 Years | n/a | n/a | n/a | 6.15% | n/a | n/a | n/a | n/a |
Equipment Loans - Additional Info
- Down payment required for new or used equipment purchases
- 1 year of financial information required for loan requests over $35,000 to $74,999
- 2 years of financial information required for loan requests $75,000 to $200,000
- Loan requests exceeding $200,000 are to be supported by at least 3-years financial information. Additional supporting financial information may be required.
- Commercial vehicles and trailers may be subject to an additional 2% above stated rates.
- Farm Bureau Bank does not provide equity or cash-out financing on vehicles and equipment.
Some restrictions may apply based upon the make and model of equipment offered as collateral. Rates are based on exceptional credit. Loans subject to credit approval. Rates are accurate as of 8/27/2010. Rates and financing are limited to farm equipment model years 2000 or newer and are subject to change without notice. Please contact 1-800-492-3276 for additional information.
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 Equal Housing Lender. Farm Bureau Bank is an Equal Opportunity Employer. |