As of April 1, 2022, Kent Nutrition Group will review and publish each quarter the interest rate for new Feeder Finance contracts. Updates will take place on January 1, April 1, July 1, and October 1 of each year.
Currently the interest rebate for Feeder Finance is 5.25%; 0% financing remains available for qualified applicants on Creep, Mineral, Tubs and ArrivalMax.
This change means that:
• New Feeder Finance contract applications completed prior to April 1, 2022 will be charged the traditional 5% interest rate.
• New Feeder Finance contract applications completed on or after April 1, 2022 must use the Feeder Finance interest rate effective on the date that the applicant signs the new Feeder Finance contract application.
• The interest rate will not change during the life of the Feeder Finance contract. The new rate is composed by the U.S. Federal Reserve’s Prime Rate + 175 basis points.
Please contact Horacio Lee, Credit Analyst with any questions at 563.264.4537 or [email protected].
An updated Feeder Finance rack card is available on Dealer Club under Order >> Product Literature.