Extended Credit

   

​Need help to smooth your cash flow?

Customers can purchase all Ravensdown products on credit. We have various payment options to suit your cash flow requirements and offer up to 9 months extended credit, subject to our terms of trade and credit criteria.

SuperPlan and SuperPlan Extend are designed to provide you with the opportunity to defer your payment or to spread your payments for Ravensdown products evenly across an agreed number of months, providing a convenient way to smooth your cash flow.

For more details, a copy of our terms of trade, or to apply for SuperPlan extend call our Customer Centre on 0800 100 123.

SuperPlan

Up to 4 months credit on all Ravensdown purchases. Two options are available under SuperPlan:

Option 1 - Deferred terms
Deferred terms are available for up to 4 months beyond our normal terms of trade. This options suits customers who need to apply fertiliser now and whose farm income is not due until a date later in the season.

Option 2 - Split payments
Customers have the option of splitting their payments evenly over a specified term, up to a maximum of 5 equal monthly payments. This option is useful if you need to smooth your cash flow over a designated period of time rather than paying one lump sum.

Applying for SuperPlan
Ravensdown SuperPlan is available to all direct customers subject to completing a Credit Application form and meeting our credit criteria.

SuperPlan Extend

Up to 9 months credit on all Ravensdown purchases. Three options are available under super Plan Extend:

Option 1 - Deferred terms
Deferred terms are available for up to 9 months beyond our normal terms of trade. This option suits customers who need to apply fertiliser now and whose farm income is not due until a date much later in the season.

Option 2 - Split payments
Customers have the option of splitting their payments evenly over a specified number of months, up to a maximum of 10 equal payments. This option is useful if you need to smooth your cash flow over a designated period of time rather than paying one lump sum. This provides an opportunity for those that wish to pay a smaller amount each month over a longer period of time.

Option 3 - Split payments deferred for 4 months
Defer your payments for 4 months and then pay 6 equal instalments over the remaining term. This option is useful if you need to apply fertiliser now, and whose farm income is not due until a later date, but who still need to spread those payments over a designated period, rather than paying one lump sum.​

Applying for SuperPlan Extend
You must be a Ravensdown shareholder and pay your monthly account by direct debit. Approval is subject to completing a SuperPlan Extend Application form and meeting our credit criteria.

Questions & Answers

Q: How much does it cost?
A: Our interest charge is currently 1% per calendar month. This is calculated and applied when your order is invoiced. Interest charges on split payments are split evenly over the term requested and added to each monthly payment. There are no additional setup fees. Interest charges and additional fees are subject to change.

Q: Where do the charges show on my account?
A: Charges for each invoice on SuperPlan or SuperPlan extend will be itemised on your statement as "Interest on Deferred Terms".

Q: What is the maximum length of time I can extend my credit for?
A: SuperPlan offers a maximum term of 4 months credit. SuperPlan Extend offers a maximum 9 month term.

Q: What are your normal terms of trade?
A: Ravensdown's normal terms of trade allow for payment on the 20th of the month following dispatch of product.

Q: Once approved, can I apply the facility to any of my existing unpaid invoices?
A: No, the facility is only available for orders / deliveries from the date of approval onwards.

Q: What if I want to pay earlier or change the payment terms of my invoices?
A: Full payment can be made earlier, however interest will be charged for the full month in which payment is made. Any early repayment or change in terms of SuperPlan Extend invoicing will incur a $50 administration fee per invoice. Any changes are subject to approval and must be requested before the 15th of the month that the relevant payment is currently due.

Q: If I have an invoice on split payment terms, can I change it to deferred payment terms?
A: Yes - as long as the request is made before the 15th of the month that the first payment is due.

Q: What is the penalty interest if I default on my payments?
A: Currently this is 2% per month, calculated on a daily basis.