Loan for acquisition of agricultural equipment

Loan for acquisition of agricultural equipment

Loan concept Provision of loans to the residents of rural areas for the purchase of agricultural machinery and equipment to meet the needs of farming, as well as assist in the development of the agricultural sector.
Advantages
  • The possibility of obtaining funds in tranches under the "credit line"
  • possibility to provide with flexible repayment schedule by the client’s option and considering the peculiarity of agricultural activity
  • Individual approach to the client.
  • Possibility to receive a grace period
  • Possibility of early repayment without penalties and interest payment only for actual used days
  • Incentives for repeated lending and availability of positive loan history
Loan amount

up to 500,000 somoni to legal entities; equivalent in foreign currencies.
up to 250,000 somoni to individuals; equivalent in foreign currencies.

Loan term up to 60 months
Interest rate (per annum)

from 34% TJS;
from 19% to 22% $;
from 28% Rub.

Commission fee  0%.
Collateral Flexible approach to collateral.
Requirements to borrowers Citizen of RT, age- from 18 up to 65 years old, with regular income.
Documentation
  • Copy of passport;
  • Copy of Tax ID;
  • Certificate on land use/plot certificate/lease agreement/ statement from the Jamoat on availability of President land or farmland;
  • 1 Photo – size 3х4;
  • Passport copy of husband/wife;
  • Copy of passport, Tax ID and income statement (for guarantor).
Period of application review от 3 до 5 дней**

 

* Since the moment of provision of necessary documents

* Loan Calculation is made by annuity (equal) payments