Service Information

Developed to finance agricultural productions and Agro-allied activities.

Loan volume ranges from above N250,000.00 to a maximum of N50,000,000.00.

Limit of N5,000,000.00 to individual persons. Above N5,000,000.00 to corporate organisations.

Loan tenor not exceeding 5 years. Disbursement both cash and kind.

For both individuals and cooperate bodies.

Staggered disbursement .

Backed up with viable, profitable and bankable business proposal.

Agro-business must be a clause in the Memart of the company for corporate applicants.

Security acceptable to BOA requirement Interest rate 14% for agricultural production and agro-processing while commodity marketing is 20%. Current tax clearance certificate required.

Last 3 years audited statement of account or statement of affairs required.