Loans

These Loan Products and Services are available only to South Australian public sector agencies, within the confines of the Government Financing Authority Act 1982, and applicable approvals from the Treasurer of South Australia .

Client Services staff are available to provide advice regarding these products, in order to fulfil clients' individual borrowing requirements.

The working capital facility is a liquid account with funds available same day. It is aimed at agencies with short-term, operational borrowing requirements. Clients are required to notify SAFA by 10.30am of their requirements to borrow funds or make repayments. Interest is based on SAFA's overnight borrowing rate and applied to the daily balance of the funds borrowed. Interest is accrued daily and payable monthly, by the 10th day of the following month.

Short-terms loans are suitable for agencies who wish to borrow a set amount of funds for a known period, with the rate for the entire period known up front. Interest is calculated at the quoted fixed rate for the term of the loan and is typically paid at maturity, although more frequent payments can be made if required. The early repayment of a short-term loan will be calculated at prevailing market rates and may result in a break cost or gain to the client.

Longer-term loans can be negotiated on an interest only basis, and are suitable for agencies who wish to borrow a set amount of funds for a known period, and make interest payments during the term of the loan, with the principal amount repaid at maturity. Clients may choose how frequently they wish to pay the interest, and the loan can be negotiated as a fixed rate for the term of the loan or as a floating rate which varies according to prevailing market rates.

Credit foncier loans are suitable for clients who wish to borrow funds for a known period of time, and make repayments of principal and interest during the term of the loan. Clients may choose how frequently they wish to make their repayments, and the loan can be negotiated as a fixed rate for the term of the loan or as a floating rate which varies according to prevailing market rates.

SAFA can structure loans to suit the individual needs of clients, using a combination of SAFA's standard loan products.

SAFA's Client Services team can be contacted on (08) 8226 9452