Sunday, February 15, 2015

Home » » Agriculture Loans:Commercial Agricultural Loan

Agriculture Loans:Commercial Agricultural Loan

By 8 comments
This is a medium term loan to medium and large scale farmers to assist in purchase of farm machinery, equipment and any other farming and social-development needs. The loan also takes care of financing expansion.
 Benefits/Features
 Minimum loan amount of Tshs. 2, 000,000 and maximum depends on ability to repay, Flexible security requirements  e.g. chattels, log books, shares or cash cover, debentures, title deeds, residential license, etc Maximum repayment period of 36 months, Repayments negotiated to match the seasonality of proceeds.

Eligibility:
Should be an account holder with Equity Bank for at least 3 months, Registered  business,
Permanent business locations, Acceptable securities,

 Pricing:
Interest rates of 18% flat and LACE 2%.

  


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8 comments:

  1. UnknownJune 2, 2015 at 12:28 AM

    This comment has been removed by the author.

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