Target Market Determination

The law requires Kubota to issue this target market determination to describe its consumer loan product, and how and to whom it is made available. It assists Kubota dealers and consumers in deciding the circumstances in which the loan may be relevant.

Our Consumer Loan Product
Product Name	Consumer Loan Contract – Secured
Customer Class	Kubota supplied equipment customers only. We only provide consumer finance to consumers who wish to purchase new Kubota supplied equipment through an authorised Kubota dealer.
Distributors	Our consumer loan is only available through: Our authorised Kubota dealers or Kubota Australia Pty Ltd – directly through customer service staff This ensures consumers are always dealing with trained Kubota staff or dealers who are very familiar with both the equipment and our consumer loan product’s terms and conditions.
Third Party Distribution Channels	Our consumer loan is not available through third-party channels, other than authorised Kubota dealers.
Consumer’s objective	The consumer wants to own the Kubota supplied equipment of their choice for personal, household or domestic use.The consumer does not intend to use the equipment for predominantly business purposes.
Consumer’s Requirements	The consumer wants the certainty of a fixed interest rate loan at an agreed repayment amount over an agreed loan term.
Target Market & Product Consistency	Consumers actively seek to purchase Kubota supplied equipment, so initiate both the sale and the request for finance, as both the equipment and finance can only be obtained through Kubota Australia Pty Ltd and/or its authorised dealers.
Finance Exclusions	We do not finance: equipment other than Kubota supplied equipment insurances extended warranties
Our Application Criteria	To apply for our consumer loan, consumers must: be an Australian resident have an Australian residential address be at least 18 years old be able to prove their identity be able to show they have been in regular employment with a regular income for at least 12 months have some money left over at the end of each month, after their expenses are paid, including their loan repayments, to help manage any variations in expenses meet our credit criteria pay to the authorised Kubota dealer the minimum deposit, or part purchase price, we specify as a condition of loan application
Our Loan Features
Interest rates:	Our interest rates are fixed for the loan term, based on promotion by us or an authorised Kubota dealer.
Loan amount	The minimum amount to be financed is $4,000 for new machinery
Loan terms	Our loan terms are 1 to 5 years, to suit the consumer’s needs, or as stated in a relevant promotion by us or an authorised Kubota dealer
Loan type	SecuredWhile the consumer owns the financed equipment from the beginning of the loan, we take a mortgage over the equipment to be financed.We release our security interest when the loan is finalised
Our Fees and Charges	We may charge: an establishment fee, payable at settlement and which can be included in the loan amount a late payment fee, if the consumer is late making a scheduled payment a document fee, if we are asked to provide additional copies of documents during the loan term enforcement expenses if we need to enforce our rights

Our Governance

Complaints

Consumers can lodge a complaint:

directly with us at any time via phone, email or mail or
through an authorised Kubota dealer

Dealers must let us know about a consumer’s complaint within one (1) business day of receiving it.

Product Review

Target Market Determination Review

We review our consumer loan product:

whenever significant market conditions, or regulatory requirements, trigger changes to our fees, terms or conditions
if early termination or hardship applications or complaints increase disproportionately to loan volumes
if AFCA or ASIC raise any concerns about our consumer loan product
when the business determines a change is required
if this product has been mis-sold in any way, requiring ASIC to be informed

Unless a product review necessitates changes to the product, we will review the product’s target market determination every 3 years.

Product Changes

With the exception of cost increases affecting fees, any changes to our consumer loan product will only apply to new loans, not existing loans.

Date effective	April 2023
Date ceased	To be advised
Date reviewed	March 2023

Kubota Australia Pty Ltd ABN 72 005 300 621 trading as Kubota Australia Finance

Australian Credit Licence Number 442007

Kubota Contact details –

Email: clientrelations@kafinance.com.au
Telephone: 1800225990
Postal address: 25-29 Permas Way Truganina VIC 3029

Our Consumer Loan Product

Our Loan Features

Our Governance