Cash Loans for Farmers

• From RSD 100,000 to RSD 1,000,000 per borrower.

The loan is repaid within 12 months in monthly, quarterly, six-month or annual annuities.

The nominal interest rate is fixed and amounts to 12.00% annually.

Default interest is equal the legal default interest, i.e. the contracted (regular) interest if it is higher.

The costs borne by the client are known at the time of advertising and are included in the calculation of the effective interest rate.

• One-time loan processing fee in the amount of 1.00% of the approved loan amount.
• Costs of issuing the Credit Bureau report is RSD 246.
• Cost of two bills of exchange is RSD 100.
• Cost of obtaining a Certificate of Settled Tax Liabilities issued by the Ministry of Finance – Tax Administration - RSD 660.

Other costs on the amount of which the Bank does not have any influence (fees of assessors, notaries/courts, the Land Register Service, the Business Registers Agency, insurance premiums of insurance companies).

• Two blank solo bills of exchange with "no protest" and "no report" clause
• Additional securities as per the Bank's assessment (guarantee of a legal/natural person, insurance policy assigned to the Bank. Pledge on movable property, deposit)

Upon written request submitted to the Bank, the Borrower may make partial or early repayment of the entire outstanding Loan free of charge.

• Application for a loan for farmers (Bank Form 3)
• Photocopy of identity card
• From the Directorate for Agrarian Payments (documents cannot be older than 30 days from the day of submitting the loan application):
  • Certificate of status in the register of agricultural holdings
  • Excerpt from the register of agricultural holdings - data on the registered agricultural holding
  • Excerpt from the register of agricultural holdings - structure of crop production
  • Excerpt from the register of agricultural holdings - animals
• Certificate of settled/rescheduled tax liabilities issued by the Tax Administration of the Ministry of Finance (not older than 30 days from the day of submitting the loan application)
  • Confirmation (transaction record) issued by the banks on realized turnover through all dedicated agricultural holding accounts in the previous 12 months;
  • Decision on determining the property tax for natural persons (last available).