Can I get a loan if my fixed assets are all leased?

It is possible, if all land plots have been leased for at least the term of the loan + 1 year; applies to 70% of all land plots used for agricultural activities.

Do I have to insure the collateral?

Insurance of the collateral with a bank accredited insurer is mandatory.

How long does it take to review a loan application?

Up to 7 business days from the time the borrower submits all documents to the bank.

What is the repayment schedule?

Interest is repaid on a monthly basis. Loan principal: annuity loan — payable in equal monthly instalments; irregular schedule — according to the terms and conditions of the loan agreement.

What can be used as collateral to secure the loan?

Purchased fixed assets followed by their use in economic activities. Immovable/movable property. Funds in a deposit account with Pivdenny Bank. Goods in circulation as additional collateral.

How is the loan amount determined?

The amount of the loan depends on the borrower’s financial situation, the type and value of collateral, as well as from whom the borrower buys fixed assets (from a bank partner or an external seller).

To SMEs Financing Loans for agricultural producers

Business loans to purchase equipment

Loans for agricultural producers

For companies and individual entrepreneurs working in agriculture.

Advantages of the programme:

No
hidden fees.
A very convenient repayment schedule
taking into account the seasonality of your business.
Attractive
interest rates.
The availability of a number of affiliate programmes
with leading manufacturers and distributors of agricultural machinery and plant protection products and fertilisers.
More details
The possibility of early repayment
at any stage of the loan.

Pivdenny Bank offers loans under the following programmes:

“Agricultural machinery on credit (new and used)” — for the purchase of self-propelled and hinged agricultural machinery by legal entities and individual entrepreneurs (sellers) against the collateral of fixed assets acquired for the purpose of its further use in your commercial activities.
“Loan to augment working capital (to perform autumn and spring field-work)” — for financing day-to-day activities against fixed assets as collateral.
“Guaranteed settlements (for the supply of PMM, CBS, fertilisers, seeds)” — a credit line, bank guarantee, bills of exchange for financing of current activity on the collateral of fixed assets.

Principal terms and conditions:

Loan duration

Agricultural machinery on credit (new and used) — up to 60 months

Working capital loan (performance of autumn and spring field works) — up to 12 months

Loan currency

UAH, USD, EUR

Interest rate

is determined individually

Additional costs

valuation of collateral, its registration and insurance (depending on the type and value of collateral)

Terms of repayment

— payment of interest — on a monthly basis;

— commission on a bank guarantee/bills of exchange — monthly;

— repayment of principal:

— annuity loan — payable in equal monthly instalments;

— standard loan product — payable according to the agreed repayment schedule

Collateral

— main collateral — fixed assets of the company, personal property of business owners (real estate, motor transport); acquired fixed assets;

— additional collateral — pledge of the future harvest

Disbursement fee

0.5 % of the loan amount/amount of prolongation/increase of the loan agreement

To obtain a loan:

Visit any branch of Pivdenny Bank
or contact the SME project manager.
Map of branches
Provide
all required documents.
After analysing the loan application and valuation of the collateral,
the bank makes a decision on the feasibility of the loan.
After approval,
sign all the required agreements.
Receive
credit funds on the current account.