If you have a personal subsidiary farm, then you have the right to use agricultural loans. Such a program is provided by the "Rosselkhozbank". The terms of the loan agreement are established from the date of signing by both parties until the day of full repayment of the debt. For this, a corresponding entry is provided. The loan agreement will be kept for three years after its expiration.
Instructions
Step 1
To be eligible for the agricultural loan program, you must meet a number of requirements. You must be over the age of 18. The loan commitments do not exceed your age of 65. You must have a personal account with a corresponding entry in the housekeeping book maintained by the local administration.
Step 2
If you are the only member of this subsidiary farm, then you need to conclude a life and health insurance contract.
Step 3
Provide a list of inventory, equipment and outbuildings and confirm the liquidity of the loan collateral.
Step 4
Confirm the existing source of monthly financial receipts, with the help of which you plan to repay the debt on the principal amount of the loan, as well as the interest rate. For example, wages at your main place of work, household income, or social benefits.
Step 5
Submit a petition on behalf of the current head of administration of the locality.
Step 6
If you plan to finance through an agricultural loan such items of expenditure as fuel and lubricants, spare parts for agricultural machinery, fertilizers, seeds, young animals, feed, equipment, as well as rented warehouses, land, storage facilities and seasonal costs, then the maximum repayment period will be two years. In such cases, the grace period for principal repayment is 12 months.
Step 7
The bank can provide you with a loan for a period of 2 to 5 years, if the funds are directed to the purchase of livestock, mother herd and breeding breed. The five-year lending program also applies to the purchase of equipment for animal husbandry or product processing, small-sized agricultural machinery, irrigation equipment, and vehicles. The same category includes the construction of livestock buildings and the repair of existing ones, the purchase of a plot of land intended for agriculture, the construction of paved roads, works in the field of land reclamation and gasification.
