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  • Ceiling for financing agricultural crops

    Ceiling for financing agricultural crops

    Ceiling for financing agricultural crops

    Are you looking for a financing solution for agriculture crops and related expenses?

    The loan is intended for legal entities and private entrepreneurs eligibile who use agricultural lands and who own at least 1500 ha. arable land worked and it is granted for financing of agricultural crops (spring crops and/or autumn crops and/or corn crops) and related expenses (e.g. diesel, inputs, seeds, treatments necessary for crops development, harvesting etc).

    What advantages does Ceiling for financing agricultural crops offer you?

    otp bankmaximum amount: RON 5.000.000;
    otp bankfinancing of agricultural crops (spring crops and/or autumn crops and/or corn crops) and related expenses;
    otp bankflexible guarantee structure;
    otp bankavoiding foreign exchange risk by providing financing in national currency;
    otp bankreimbursement methods linked to the characteristics of each type of culture (spring crops and/or autumn crops and/or corn crops);
    otp bankThe interest can also be paid quaterly or seasonal.

    What are the guarantees requested by OTP Bank for this type of loan?

    • Pledge on all current accounts of the Borrower opened with OTP Bank Romania S.A.
    • Surety from major shareholder/administrator or/and Promissory note endorsed (PN) by major shareholder/administrator.
    • Pledge on crops
    • Assignment of receivables from the insurance policy.