Agribusiness Loan
Agricultural financing is designed to help farmers achieve better results through the provision of agricultural loans.
Features
- Facility range: N50,000 (minimum) to N1,000,000 (maximum)
- Methodology: Individual, group and corporate
- Duration: 3-12 months
- Grace period: 30-60 days
- Prospective clients must be practicing farmers with verifiable evidence of existing farm investments.
Benefits
- The farmland serves as collateral.
- Provides capital for farming activities
- Flexible repayment structure
- Low interest rate
- Expert financial advice available
- Ease access to fund.
Documentation
- Completion of account opening documentation.
- Duly completed application form
- Guarantors
- Recent passport-size of the Applicant and Guarantor
- Current utility bill
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)