Investment Loan for Farming Activities, Premises and Equipment

The investment loan for Farming Activities, Premises and Equipment aims at financing farmers & farming businesses of any legal form to implement their investment plans.
DESCRIPTION
Financing for farmers & farming businesses for implementing investment plans included in Measure 121 and Measure 123A
IDEAL FOR
Farmers (aged 18-60) / Farming sole proprietorships / Legal entities of any form
INTEREST RATE
Variable (BMLR) minus a spread of 1.4%
DURATION
Up to 7 years for mechanical equipment & intangible assets

Up to 10 years for building premises and purchasing plots of land
REPAYMENT
In monthly, 3-monthly or 6-monthly instalments that pay interest and capital
FINANCING
AMOUNT
Equal to the loan amount determined in the investment plan’s decision for inclusion.

Features

Features

It aims at financing farmers & farming businesses of any legal form to implement their investment plans that are included in:

  • Measure 121 and
  • Measure 123A

of the Ministry of Rural Development & Food

Eligible Investments:

Under Measure 121

Small Improvement Plans: Modernising sheep- and goat-farming
Large Improvement Plans: Investments in primary-sector agricultural and livestock production

Under Measure 123A

Investments in agricultural product processing and trading. Eligible investments include only the following sectors: meat, milk, eggs/poultry, honey, sericulture, cereals, oil seeds, wine, fruits and vegetables, flowers, animal feed, seeds & propagating material, aromatic & medicinal plants.
Investments aim at increasing the value of agricultural and livestock produce, through adopting and developing innovations and technological equipment, and improving product quality, hygiene and safety.



IDEAL FOR

  • Farmers (natural persons) aged 18-60
  • Farming Sole Proprietorships
  • Legal entities of any form (general partnership, limited partnership, limited liability partnership, SA, private company, agricultural cooperatives, etc.)



INTEREST RATE

Variable (BMLR) minus a spread of 1.4%



INVESTMENT LOAN DURATION 

  • Up to 7 years for mechanical equipment & intangible assets.
  • Up to 10 years for building premises and purchasing plots of land.




LOAN AMOUNT

Equal to the loan amount determined in the investment plan’s decision for inclusion. 



REPAYMENT METHOD

In monthly or 3-monthly or 6-monthly instalments that pay interest and capital.



OTHER FEATURES


Disbursement

The loan is disbursed either in a lump-sum or in instalments depending on the terms of the decision for inclusion and each programme’s regulations/directives. Disbursements will either be credited to the account the equipment vendors hold with Piraeus Bank or the funds will be transferred to another Bank via a bank cheque / remittance.



Own Contribution

The farmer-debtor’s own contribution should be held with Piraeus Bank. The amount will be released and transferred to the vendors, pro rata with the investment implementation loan.



Early repayment

You may repay all or part of the loan with no penalty.