Farming Loans | Piraeus Bank

DESCRIPTION

Financing the investment plans of Farmers, SMES that are related to processing / marketing and/or development of Agricultural Products, Collective Farmer associations, with favorable terms and conditions with the ESIF- EAFRD Guarantee Facility.
IDEAL FOR

Farmers and agricultural holdings included in Development Programes
INTEREST RATE

Variable

based on Euribor + spread
DURATION

Loan Duration: 2 -12 years, grace period up to 24 months
REPAYMENT
METHOD
- Monthly,
- 3-monthly,
- 6- monthly
- yearly instalments that pay interest and capital
FINANCING
AMOUNT
- The FoF provides 80% guarantee on each loan.
- Reduced Collaterals
- Preferential Pricing

DESCRIPTION

Working Capital for farmers that wish to receive an approved subsidy from a Development Program (Rural Development Program 2014-2020, etc.) in advance.
IDEAL FOR

Farmers and agricultural holdings included in Development Programes
INTEREST RATE

Variable based on the BFR (Basic Rate for Farmers)
plus the Law 128/1975 levy
DURATION

Up to 3 years, with the option of extending it
REPAYMENT
METHOD

Capital: as soon as the subsidy is paid

Interest: Payment of interest every 6 months
FINANCING
AMOUNT

Minimum amount up to €5.000

DESCRIPTION

Purchase land and mechanical equipment

Purchase and construct agricultural buildings

Purchase plants and farm animals
IDEAL FOR

Persons aged 19-50 who want to become at main profession farmer
INTEREST RATE

Variable based on the BRF

Up to 100% subsidized interest rate for people aged up to 40
DURATION

To purchase mechanical equipment: duration up to 10 years

To purchase land and construct agricultural buildings: duration up to 15 years

To purchase plants: duration up to 8 years

To purchase farm animals: duration up to 6 years
REPAYMENT
METHOD

In monthly, 3-monthly, 6-monthly or annual instalments
FINANCING
AMOUNT

From €5,000 to €500,000

Maximum Financing Amount: up to 80% of the estimated cost and up to 80% of estimated value of the mortgaged property

DESCRIPTION

A loan to:

Buy land and agricultural equipment

Construction of agricultural buildings

Purchase of plants and farml animals
IDEAL FOR

Farmers,
aged 18-70
INTEREST RATE

Variable based on the BRF
DURATION

To purchase agricultural equipment: duration up to 10 years

To purchase land and construction of agricultural buildings: duration up to 15 years

To purchase plants: duration up to 8 years

To purchase farm animals: duration up to 6 years
REPAYMENT
METHOD

In monthly, 3-monthly, 6-monthly or annual instalments
FINANCING
AMOUNT

From €5.000 and up to 80% of estimated value of the mortgaged property

DESCRIPTION

Loan to purchase materials and install active protection systems against hail and rain
IDEAL FOR

Farmers aged 18-65, approved by the Hellenic Agricultural Insurance Organisation (ELGA)
INTEREST RATE

Variable based on the Base Rate for Farmers (BRF)
DURATION

Up to 6 years
REPAYMENT
METHOD

Interest is paid every 6 months, on 30/06 and 31/12. Capital is repaid through the assigned ELGA’s subsidy
FINANCING
AMOUNT

€2,000 - €170,000

Find the Farming Loan that best suits your needs