Loan from agricultural credit discount fund

LOAN FROM AGRICULTURAL CREDIT DISCOUNT FUND

Purpose: Loans for financing fixed assets, working capital, production standard services and investments supported by IPARD programme to small- and medium- sized enterprises for primary production, agricultural product processing and export of agricultural products and their processed products.


characteristics

The loan is also intended for holders of agricultural economies who have submitted application for registration in the Single Register of Agricultural Economies and holders of agricultural economies and small- and medium- sized enterprises who have concluded Agreement for Financial Support with the Agency for Financial Support in Agriculture and Rural Development for use of financial support provided by IPARD programme 2007-2013.

Loan amount:

By the creditworthiness of the loan applicant, up to EUR 100,000 for primary production and up to EUR 300,000 for processing and export of agricultural products 

Repayment terms:

under previously defined repayment schedule

conditions

Collateral:

In line with the Bank Collateral Catalogue and Policy*

Minimum eligible collateral:

Mortgage on real estate and/or pledge on movables and notarized draft or solemnized credit exposure agreement with enforcement clauses 

Other:

The limit for loans intended for financing investments supported by IPARD programme 2007-2013 (Measure 101) is in line with the amount of the total acceptable investment value defined in the Agreement for Financial Support concluded with the Agency for Financial Support in Agriculture and Rural Development 

interest rates

Interest rate:

4% annually for loans intended for primary production and 5% annually for loans intended for processing and export of agricultural products

Other fees and commissions:

2.000 handling fee for approved application

Loan currency:

the loan is reimbursed in accordance with the Decision on Interest Rate Policy of the Bank