Loans for land and equipment purchasing from ProCredit Bank
Bucharest, March 28, 2012
Permanently preoccupied with facilitating theaccess to financingfor its customers working inagriculture, ProCreditBankhas created dedicated products for them designed to help entrepreneurs developbusinesses that they run.
Given the potential foragricultural development and meeting the highinterest the bankcustomers have shown for expanding their activity, and equally the collaboration with the bank, ProCredit Bank is providing facilitiesfor the acquisition of land and equipment agriculture on advantageous terms.
The loan for agricultural land (land acquisition or rehabilitation of existing ones) is offered for a period of up to 15years without the necessity of a down-payment. The guarantees required are flexible, from mortgages on land purchased to any warranties given by the customer by, and guarantees offered by the National Credit Guarantee Fund for SMEs. Repaymentplan is adaptedto agricultural activity; customers can pay equalor unequal monthly installments or seasonalones.
A newly introduced product dedicated to agriculture in the portfolio of ProCredit Bank, ProEquipment loan is granted for a period of up to 7 years, with no mortgage. The bank can finance the purchase of used equipment as well. For projectsfinanced by the E.A.F.R.D., the client does not need a down-payment. In this case as well, the repayment plan for the product is tailored to the specificityof agricultural activities - customers can choose to pay seasonalinstallments, namely two installments (principal and interest) per year, in the remaining months the payment being 0.