CRT Creditline is a revolving credit facility that allows you to choose what you want to pay straight away and what you leave for later.
How will you benefit from having a CRT Creditline?
- Allows for large one-off purchases, such as fertiliser, to be repaid once income from the input has been received
- Allows for better cash management with the ability to defer payments until income is received
- Allows for alternative payment arrangements without incurring penalties
- Ensures that you retain your rebates and Choices Points for prompt payment and avoids any default interest charges on your CRT account.
Special Terms Now Available
Please contact your local farm centre or technical field officer for special deals on certain products which may include interest free or extended payment terms.
How does it work?
If you pay your CRT account by internet banking or cheque:
Just pay what you want and, as long as it’s within your Creditline limit, the rest will go to your Creditline account for payment by direct debit in three months time.
If you pay your CRT account by direct debit:
When you receive your CRT statement, all you have to do is call the customer centre on 0800 278 583 or email us at creditline@crt.co.nz prior to the 18th. Tell us how much you’d like to pay for the month and, as long as it’s within your Creditline limit, the rest will go to Creditline for payment by direct debit in three months’ time.
Free Reminder Service
If you elect this service we will send you a text and/or an email reminder message around the 15th of every month. To use your Creditline simply reply and we’ll do the rest.
At Mates Rates
We’re here to help, so we’ve worked out a suitable market competitive interest rate of only 1% per month for your Creditline. This is charged monthly to your CRT account on the total amount you have drawn down on your Creditline.
Rebates
Rebates are applied at a rate of 15% of monthly interest paid; this provides a true interest rate of 0.85% per month (10.20% per annum). So for every dollar of interest that you pay, we’ll give you 15 cents back!
Repayments
The balance transferred to your Creditline will be taken by direct debit from your bank account three months after the date you transfer the balance to the facility. Creditline accounts are always payable on the 24th of the month.
How can you apply or find out more?
If you would like to find out more or apply for Creditline either head to your local CRT FarmCentre or contact our friendly customer centre staff on 0800 278 583.
Alternatively you can submit an application form to creditline@crt.co.nz or post your application to
CRT Finance Ltd, Private Bag 1968, Dunedin 9054.
Terms & Conditions
- Creditline is available to fund any purchase made using your CRT Card whether this be from a CRT FarmCentre or any one of more than 2300 suppliers
- The minimum facility for Creditline is $2000 up to a maximum of $100,000 subject to CRT Finance normal credit criteria
- There is a low quarterly fee of $12.50
- For more information see the full terms and conditions
Downloadable Documentation