Credit to purchase land

The loan is intended for purchasing agricultural land with a view to expanding the area under cultivation, i.e. for farm development.

• The amount is up to 90% of the value/price of the agricultural land purchased (whichever is lower), where the area of land to be purchased is 10 hectares or more.
• The amount is up to 80% of the value/price of the agricultural land purchased (whichever is lower), where the area of land to be purchased is up to 10 hectares.
• In the case of an additional security, up to 100% of the value/price of the agricultural land to be purchased (whichever is the lower) may be financed*.

* The pledged assets are not required to be appraised by property valuers, in cases specified by the Bank.

Repayment is based on the cash flow of the customer, however, at least twice a year.

The valuation of the collateral is carried out by independent partners of Urbo Bankas.