Agriculture loan

Loan purpose

This product is specifically targeted at farmers and female borrowers engaged in agricultural income generating activities, such as crop growing, livestock rearing, acquisition of fixed assets, food processing, business expansion purposes or increasing the production capacity, improving food storing.   

For information about banking tariffs on this product, please see the tariffs

Agricultural loans are intended specifically for farmers for growing crops, animal husbandry, horticulture, processing – accumulation and marketing of agricultural products.

To receive a loan, the period of activity of peasants, dekhkan farms and legal entities should not be less than 1 year.

Crop production, animal husbandry, horticulture, marketing of agricultural products, etc.

Minimum amount: Equivalent of 100 US dollars in Tajik somoni 

Maximum amount: Equivalent of USD 100,000 in Tajik somoni 

Currency: Only in Tajik somoni 

Minimum term: 3 months 

Maximum term: 18 months

Grace period on principal repayment: 

Crop production – 9 months,

Animal husbandry – 6 months

Borrower’s contribution: Not required 

Guarantor: 

For standard customers: A guarantor is required only for loans over USD 2,000 and its equivalent in Tajik somoni;

For high rate and exemplary customers: A guarantor is only required for loans over USD 4,000 and its equivalent in Tajik somoni;

Collateral: According to the schedule of collateral claims 

Loan interest: According to the tariffs of credit products

Service charge: According to the tariffs of credit products

Method of interest calculation: Daily on the loan balance

Method of loan repayment: Monthly equal payments – annuity payment 

Full early loan repayment or partial prepayment: Authorised without penalty upon written application

Method of calculation of penalty for late payment of loan: 0.3% for each day of delay. The penalty is calculated on the unpaid principal amount of the debt

Acquisition of non-current assets, crop processing, business development or increased production capacity, improved crop storage, etc.

Minimum amount: Equivalent of 100 US dollars in Tajik somoni 

Maximum amount: Equivalent of USD 100,000 in Tajik somoni 

Currency: Only in Tajik somoni 

Minimum term: 6 months 

Maximum term: 48 months

Grace period on principal repayment: 9 months,

Borrower’s contribution: up to 30 per cent

Guarantor: 

For standard customers: A guarantor is required only for loans over USD 2,000 and its equivalent in Tajik somoni;

For high rate and exemplary customers: A guarantor is only required for loans over USD 4,000 and its equivalent in Tajik somoni;

Collateral: According to the schedule of collateral claims 

Loan interest: According to the tariffs of credit products

Service charge: According to the tariffs of credit products

Method of interest calculation: Daily on the loan balance

Method of loan repayment: Monthly equal payments – annuity payment 

Full early loan repayment or partial prepayment: Authorised without penalty upon written application

Method of calculation of penalty for late payment of loan: 0.3% for each day of delay. The penalty is calculated on the unpaid principal amount of the debt

Additional information:

  1. Agricultural product has many benefits, including long credit and favourable terms that support farmers during the seasons of agricultural activity;
  2. The buying and selling of agricultural products can be included in both agricultural activities and trade;
  3. In order to protect farmers from currency risk, agricultural credits are granted only in the national currency;
  4. Customers with a good credit history are given an interest discount;
  5. The effective annual interest rate is calculated for each loan separately;
  6. In case of non-payment of the loan and interest thereon, forced collection of the loan shall be carried out at the expense of the pledged property;
  7. Standard customers: New or existing customers who have a credit history with the Bank of more than 3 months or who are overdue for more than 10 days within 24 months of loan repayment;
  8. Customers with high rates: Customers with a credit history with the Bank of at least 24 months and with loan arrears of up to 10 days;
  9. Exemplary customers: Customers who have a credit history with the Bank of at least 24 months and have not defaulted on loan repayments at all.