OTP Bank offers partnership loans for ALFA Smart Agro customers
OTP Bank updates financing terms to agricultural producers for purchase of ALFA Smart Agro products. Thus, farmers can get a targeted loan in hryvnias for purchase of agricultural fertilizers and microfertilizers at a rate of 7% per annum.
In addition, an agricultural producer can receive a loan in the amount of up to UAH 3 million without collateral and up to UAH 20 million only with the collateral of a financial agrarian receipt.
Terms of the partnership program of OTP Bank and ALFA Smart Agro:
- credit term - up to 12 months;
- preferential rate validity period is 5 months;
- rate for the grace period – 7% per annum;
- after the grace period, base rates apply in accordance with the bank's credit policy, depending on the type of collateral;
- borrower's one-time commission – 1%.
"OTP Bank improves all services and significantly speeds up the issuance of loans. In particular, today there is already an opportunity to get a preliminary decision on a loan only by the unified state register code of the agricultural enterprise. The bank is also working on possibility of lending to agricultural producers in online format," said Ivan Yerko, head of Agro Factory department.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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