Agro Loan is a long-term loan offered to finance the purchase of agricultural equipment and investments in greenhouses, stables, etc. Agro Progress loan is valid for all residents or non-residents with legal residence and employment in Albania, permanent or temporary employees in companies, sailors, retirees, entrepreneurs (who have been operating for at least one year) as well as for customers with other verifiable income.
Benefits
- Very good opportunity for you as a farmer or investor, in order to develop and expand your agrarian activity.
- Opportunity to repay the loan in irregular installments based on the production cycle.
- No collateral required for Agro Mini; while offering agricultural land as collateral, farmers can benefit from a larger loan amount.
- Facility in the required documentation: it is not mandatory to present the farmer's license.
Documentation
- Identification documents (Passport or ID)..
- Family certificate.
- License (If any).
- Certificate of ownership for the land, farm or greenhouse
- Municipal confirmation of the number of livestock owned and / or confirmation by the municipality for the planted land.
- If the loan is to be used for investment, an (Simple) Investment Plan is required
- Updated property documents to be offered as collateral (agricultural land, greenhouses or farms)
General conditions
- Minimum amount: 1,000,000 ALL
- Maximum amount: 2,000,000 ALL. Financing up to 70% of the investment value
- Currency: this loan is offered in ALL and EUR
- Deadline: the maximum duration is 84 months.
- Deadline: the minimum repayment period is 6 to 84 months
- Interest Rate: ALL: B.TH + 4.5% (min 8.5%); EUR: Lib. + 9%.
- Repayment method: Based on the production cycle, this loan can be repaid in irregular installments
- Early Payments: The Bank accepts partial / full loan repayments before maturity based on applicable Terms and Conditions
- Collateral: Agricultural land is required as collateral. Also, for amounts over 1,000,000 ALL life insurance is required
- Insurance: Property insurance is required in the case of Agro Credit in the amount of 110% for exposures over 1,000,000 ALL and life insurance up to 100% for exposures over 2,000,000 ALL.
Documentation
- Identification documents (Passport or ID)..
- Family certificate.
- License (If any).
- Certificate of ownership for the land, farm or greenhouse
- Municipal confirmation of the number of livestock owned and / or confirmation by the municipality for the planted land.
- If the loan is to be used for investment, an (Simple) Investment Plan is required
- Updated property documents to be offered as collateral (agricultural land, greenhouses or farms)
General conditions
- Minimum amount: 1,000,000 ALL
- Maximum amount: 2,000,000 ALL. Financing up to 70% of the investment value
- Currency: this loan is offered in ALL and EUR
- Deadline: the maximum duration is 84 months.
- Deadline: the minimum repayment period is 6 to 84 months
- Interest Rate: ALL: B.TH + 4.5% (min 8.5%); EUR: Lib. + 9%.
- Repayment method: Based on the production cycle, this loan can be repaid in irregular installments
- Early Payments: The Bank accepts partial / full loan repayments before maturity based on applicable Terms and Conditions
- Collateral: Agricultural land is required as collateral. Also, for amounts over 1,000,000 ALL life insurance is required
- Insurance: Property insurance is required in the case of Agro Credit in the amount of 110% for exposures over 1,000,000 ALL and life insurance up to 100% for exposures over 2,000,000 ALL.