Farmers’ Micro-finance

Through the " Farmers’ Micro-finance", producers are able to cover unpredictable expenses related to their farming activity, such as the repair of farm equipment damage, purchase of plants, herd replacement and any other non-scheduled expenditures.
DESCRIPTION
Credit Limit in order to cover the unpredictable expenses of agricultural holdings.
IDEAL FOR
All kinds of agricultural holdings
INTEREST RATE
Floating based on the Base Rate for Farmers’ Loans (BRF)
DURATION
One year with an one-year extension option
REPAYMENT
The capital may be repaid at any time during the credit line period and through payment of subsidies
FINANCING
AMOUNT
up to €5,000.

FEATURES

A Credit Limit (micro-finance) is extended to farmers, in order to cover unpredictable expenses.  


ΙDEAL FOR
Agricultural holdings, provided that the agricultural subsidies that they receive are deposited in a Piraeus Bank account. 



INTEREST RATE
Floating during the entire loan period: currently 7.10% (BRF: 7.10%) plus margin 0,3%, plus levy according to L.128/75 currently at 0.12% or 0.60% depending on the Farmer's main professional activity.

 
The interest rate is linked to Base Rate for Farmers’ Loans (BRF), which keeps track of market trends, is announced to the press και appears on the official price table of the Bank.



DURATION
One year with an one-year extension option.



LOAN AMOUNT
up to €5,000.



REPAYMENT
The capital may be repaid at any time during the credit line period and also through payment of subsidies.