ALDA loans

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.

Terms

  • Amount: AZN 5000 – 200 000 (for purchase of agricultural machinery – up to AZN 1 000 000)
  • Maturity: 6 - 36 months
  • Annual interest rate: 7%
  • Factual annual interest rate on loans: min. 7,55% - max. 13,49%
  • Commission: 1 – 3%
  • 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

Opportunities

  • Low interest rate
  • Grace period up to the half of maturity, max. 12 months of grace period
  • Opportunity for loan disbursement without maturity

Loan destination

  • Farming (cotton, nuts, crops, grape, potatoes, etc.)
  • Cattle-breeding (sheep and cattle)
  • Beekeeping, poultry and other agricultural sectors
  • Establishment of hotbed complexes
  • Purchase of agricultural machinery, technological equipment, set and devices of irrigation systems
  • Purchase of pure-bred cattle for reproduction

Preferential microloans to support agriculture (partnership with the Agrarian Credit and Development Agency of the Republic of Azerbaijan (ALDA)

Terms

  • Amount: 5000 - 15000 AZN
  • Duration: 12 - 36 months
  • Grace period: up to 50% of the loan term, maximum 12 months
  • Annual interest rate: 12%
  • FIFD on loans (actual annual interest rate): min. 13.41% - max. 13.91%
  • Commission: 1 - 2%

Benefits

  • Low interest rate loan
  • Grace period up to half the loan term, maximum 12-month
  • Opportunity to get the loan without trust collateral

Currencies Rates

15.10.2021
USD 1.6900 1.7010
EUR 1.9341 1.9933
Non-cash payment

Non-cash payment

15.10.2021
USD 1.6990 1.7025
EUR 1.9539 1.9894
GBP 2.2805 2.3503
RUB 0.0232 0.0240

Calculator*

AZN

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