Loans for Agriculture are designed for agricultural producers who wish to start or expand their business. These loans can be used for the purchase of raw materials and fixed assets for the proper running of your agricultural business.
- Loan size from 300 to 10.000 BAM
- Repayment period of up to 66 months
- Grace period of max. 12 months
- Loan processing fee 2,00%
- Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 17,50% to 19,00% as laid out in the table below:
|Loan Size||Up to 4.000 BAM||from 4.001 KM|
to 10.000 KM
|Max. rok otplate||42 months||66 months|
|EIR FBiH/DB*||from 22,46%||from 20,07%|
The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.
|The difference in the calculation of the Effective Interest Rate (EIR) in the Federation of Bosnia and Herzegovina/Brčko District and Republic of Srpska is based on different legal regulations. In addition to the aforementioned costs, the EIR calculation includes the cost of the bill of exchange, legal verification of documents (only in the Federation of BiH/Brčko District) and intercalary interest rate, if calculated.|
* The EIR in the Federation of BiH/Brčko District is presented in an example of calculation of the mandatory documentation for individuals, legally verified at prices valid in Brčko District. The EIR is modified in accordance with additional documentation that may be a precondition for approval of each individual loan.
Example of calculation of the Effective Interest rate (EIR):
|Type of loan||Loan Size||Repayment Period||NIR||Loan Processing Fee||EIR FBiH/DB*||EIR RS|
|Agriculture||10.000 BAM||66 months||17,50%||2,00%||from 20,07%||20,06%|
Table with an overview of monthly installments
Loans for Agriculture
|Loans Size (BAM)||Repayment Period / months|
By using the Loan Calculator, you can get approximate information regarding the size of monthly installments, the repayment plan and the total debt for the loan you are interested in.
Note: The data on installments and EIR are of informational character and serve the purpose of general information, while it may differ from the official EKI terms at the time of loan application. Please contact your nearest EKI office for detailed information EKI office.