About Agrifinance Loan
Agrifinance is a specialised financing solution designed to support eligible farmers and agricultural businesses with financing to strengthen and expand their agricultural activities.
Other products available in Agrifinance Loan include
Agricultural / Dairy Financing
For the current dairy-focused product, the financing targets dairy farmers with a minimum of two lactating cows, supporting their ability to improve production capacity and meet their agricultural financing needs.
Key Product Features
- Purpose: Financing to support eligible agricultural activities and investment.
- Target segment: Dairy farmers, particularly farmers with a minimum of 2 lactating cows under the current dairy financing model.
- Financing assessment: Based on the customer's agricultural activity, income generation capacity, repayment ability, and applicable PCL credit requirements.
- Repayment: Monthly repayments
- Loan Tenure: 3 – 12 months
- Loan assessment: Takes into consideration agricultural cash flows and the customer's ability to repay.
Product Categories
The assessment may consider the customer's milk production levels, including the applicable milk production categories:
- Grade I: Minimum production level of approximately 10 litres
- Grade II: Approximately 30 litres
- Grade III: Approximately 40 litres
Key Eligibility Considerations
- Applicant must be engaged in an eligible agricultural activity;
- For the current dairy product, a minimum of 2 lactating cows;
- Acceptable credit assessment; and
- Submission of required supporting documents.