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.
Commercial Agriculture Loan
- Interest rates of 18% flat
- LACE 2%
- 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.
- Credit Insurance
- Should be an account holder with Equity Bank for at least 3 months
- Registered business
- Permanent business locations
- Acceptable securities
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