Agricultural loan

The target group of NBCO "Caucasus-Credit" LLC's agricultural loan product is FPFs (family peasant farming ) whose activities are not considered entrepreneurial entities and micro-entrepreneurial entities in agriculture. Based on the limited access to finance to meet the expenses arising from the consumption and living needs of both target groups, the purpose of the loan includes the lending of expenses arising from both business activity and consumption & living needs.

Contents

Purpose of the agricultural loan

Financing of development of any agricultural field of activity and meeting other personal consumption needs that are not prohibited by law, do not harm the environment and do not conflict with public order

Terms of agricultural loan

Loan security:	Guarantee, jewelry, movable/immovable property pledge
Commission fee:	There is no
Loan amount:	AZN 600-20000
Annual interest rate:	19,96-24,62%
Effective annual interest rate (APR):	25%
Loan term:	8 - 36 months
Grace period:	3 - 12 months

In order to benefit from Agricultural loan product, a minimum of 6 months of official work experience or, if you are an individual entrepreneur, the presence of an active TIN and sufficient income, no delinquencies in your credit history, as collateral for a loan order of more than 500 manats a guarantor or a pledge of property, a group guarantee for group loans, a valid ID card, proof of income, current bank account are required.

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