Agriculture Loan and Development Agency support
The loans of this type are disbursed for the purpose of development of agriculture with 7% per annum in the expense of the Agro Loans and Development Agency. Besides, there are loans for acquisition of agricultural equipment and machinery as well as pure-bred animals.
Thus, the entrepreneur prepays 20% of the cost of the agricultural machinery and, the state provides 40% subsidy (grant) and, the rest amount is disbursed by bank as an interest-free loan. For buying a pure-bred animal the prepayment amount is 25% of its cost, the state provides 60% subsidy (grant) and, the rest amount is disbursed by bank as a loan with 7% per annum.
Support to Agriculture through Agriculture Loan and Development Agency (ALDA)
12% concessional loans
7% concessional loans
5 000 – 15 000 ₼
Amount
12 – 36 months
Term
12%
Annual interest rate
5 000 – 200 000 ₼*
Amount
* for the purchase of agricultural machinery - up to 1,000,000 ₼
6 – 36 months
Term
7%
Annual interest rate
Monthly payment
Interest payment
Terms
12% concessional loans for agriculture support
- Amount: 5000 – 15 000 AZN
- Term: 12 - 36 months
- Grace period: up to the half of maturity, max. 12 months
- Annual interest rate: 12%
- Factual annual interest rate on loans: min. 13,41% - max. 13,91%
- Required documents: identification documents of the borrower (identity card, VÖEN), documents on the place of business (proof of ownership and/or real estate lease agreement)
7% concessional loans for agriculture support
- Amount: 5000 – 200 000 AZN (for the purchase of agricultural machinery - up to 1,000,000 AZN)
- Term: 6 - 36 months
- Annual interest rate: 7%
- Comission: 1-3%
- Factual annual interest rate on loans: min. 7,55% - max. 13,49%
- Collateral: Goods in turnover, equipment, domestic utilities, personal and real estate (house, apartment, land area, premises, vehicle, deposit)
- Without trust collateral: Max. amount – AZN 15 000
- Required Documents: Identity Documents of the Borrower (Identity Card, VÖEN) (notarized), Documents of Place of Business (Proof of Ownership and/or Real Estate Lease Agreement) (notarized)