Agro Mini

I. Description

Agro Mini Loan is a short-term loan offered to finance the exercise of agricultural activity. The 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 clients with other verifiable income.

II. General conditions

• Minimum amount: 50,000 ALL.
• Maximum amount: 1, 000,000 ALL.
• Currency: ALL (Albanian Lek)
• Deadline: the maximum duration is 84 months.
• Interest variable depending on the duration of the loan:

0 to 1 years: Interest rate 5.5%

1 to 2 years: Interest rate 6.5%

2 to 3 years: Interest rate 7.5%

3 to 5 years: Interest rate 8.5%

5 to 7 years: Interest rate 9.0%

III. 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.
  • Repayment Method: Based on the production cycle, this loan can be repaid in irregular installments.
  • Early Payments: The Bank accepts partial or full repayment of the loan before maturity based on the Terms and Conditions in force.
  • Collateral: No collateral or life insurance is required.