Loans for fruitful returns
A helping hand for our hardworking farmers!
Baroda Farm Loan
Purchase of farm land, farm development / cultivation and other farm related expenses
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Facility
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Eligibility
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Loan Amount
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Repayment
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Fees and Charges
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Documentation
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Terms & Conditions
- Farm OD/Demand Loan
All individuals of Fiji Citizenship who have attained the age of Twenty One years and engaged in Farming Activity for at least three years.
Lease period of Land should be sufficiently higher than repayment tenure of the loan.
Average tonnage in case of sugarcane farming during during the last three years is minimum 200 Tonnes.
Minimum $3000.00
Maximum $25000.00
(Subject to Cane Production, Repayment Capacity and availability of Security)
- Loan can be repaid in maximum of 60 month with 30% of cane proceeds as available from Fiji Sugar Corporation (In case of sugar cane farming).
- For Fees and Charges Click here
- Stamped agential authority
- Registered crop lien over farms
- Registered mortgage of farm land
- Third party guarantee if mortgage property belongs to guarantor
- Bill of sale over vehicle if required
Computation of Eligible Amount:
Minimum of amount computed as the lowest among as under :
$15/- per tonne for the average production of last 3 years (in case of sugarcane farming) Or 50% of market value of land/other security whichever is lower.
Documents :
Following Documents are required for processing Farm Loan:
- Sugarcane contract (in case of sugarcane farming)
- Lease deed or approval notice
- Title deed of the land
- Documentary evidence to ascertain that the rent on leasehold land has been paid up to date.
- Ascertain from the sector office of the Fiji Sugar Corporation FSC) about cane harvested per annum for the last -3- years as well as estimated crop for the current year (in case of sugarcane farming).
Terms and Condtions apply
