- 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.
- Consent to mortgage of the landed property being pledged as security for the loan required.
