"Machinery on Credit" loan
The "Machinery on Credit" programme provides credit funds intended for purchasing new agricultural machinery (tractors, combine harvesters and attached implements for them). The collateral to secure this loan is the agricultural machinery being purchased. The credit funds are transferred directly to the seller of machinery.
Depending upon the type and origin of machinery:
- the loan amount makes up to 60% of the machinery cost
- the lending period may extend up to 4 years
The attached implements can be purchased only togather with a tractor or combine harvester that are to be used with
Loan type: term loan with the equal installments repayment schedule and monthly interest on the loan repayment
Loan currency: UAH
The lending rate varies depending on the lending period, the advance amount and the repayment schedule
Why choose our Bank?
- possibility to raise a loan for attached implements that are to be used with a tractor or combine harvester purchased
- possibility to work out an individual loan repayment scheme for enterprises engaged in seasonal business greatly affected by seasonal fluctuations
Your benefits:
- possibility to obtain a bigger amount of credit funds than when applying for an ordinary machinery secured loan
- possibility to secure the loan with a transport machinery, that is being purchased, as a collateral
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