Interest Rates

Applicable Interest Rate


Short Term Loans Period Interest Rates for Commercial Interest Rates for Communal Clients Interest Rates for Resettlement clients


Production inputs / Crop production / Seasonal Loans (revolving basis) 1-2 years 7.50% 4.00% 4.00%

Medium Term Loans Period Interest Rates for Commercial Interest Rates for Communal Clients Interest Rates for Resettlement Clients
Loans for the purchase of male breeding stock and tollies 5 years 7.50% 4.00% 4.00%
Loans for the purchasing of light delivery vans, veld vehicles and small trucks 5 years 8.25% 7.00% N/A
Loans for the purchasing of used tractors and agricultural implements 5 years 7.50% 7.00% 4.00%
Loans for the purchasing of Draught animals and implements 5 years N/A 4.00% N/A
Loans for the purchasing of irrigation equipment, etc. 5 years 7.50% 4.00% N/A
Loans for the purchasing of breeding birds (ostrich farming), Poultry 5 years 7.50% 4.00% 4.00%
Bush encroachment: Labour 10 years 8.00% 7.00% 8.00%
Aerial spraying and other methods 10 years 8.00% 7.00% 8.00%
Infrastructure and Improvement loans 10 years 8.25% 7.00% 8.00%
Loans for the purchasing of large stock 10 years 8.25% 4.00% 4.00%
Loans for the purchasing of small stock 8 years 8.25% 4.00% 4.00%
Loans for the purchasing of new tractors and agricultural implements 10 years 8.25% 7.00% N/A

Long Term Loans Period Interest Rates for Commercial Interest Rates for Communal Clients Interest Rates for Resettlement Clients
Loans for the purchase of Land for beginners 25 years 8.00% N/A N/A
Loans for the purchase of additional land for expansion 20 years 8.00% N/A N/A
Loans for the construction of dwellings and other permanent farm buildings 15 years 8.00% N/A N/A
Loans for the construction of Labourers Housing 15 years 4.00% N/A N/A
Loans for water provision, fencing and other improvements 15 years 8.00% 7.00% N/A
Loans for Taking over of debts 15 years 8.00% N/AN/A
Loans for loan consolidation 10-25 years Weighted interest rate Weighted Interest rateN/A
Bush encroachment: Labour 15 years 8.00% 7.00% N/A
Aerial spraying and other methods 15 years 8.00% 7.00% N/A
"Affordable interest rates for affordable products to grow the farming business in more ways than one."

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FAQ

What type of security must I provide for a loan at Agribank?

Loans are granted against security of fixed property, investment or any other acceptable form of security (fixed deposits, investments and surrendering value of policies). read more

Does Agribank also provide personal loans?

No, Agribank is not a commercial bank. read more

Does Agribank provide loans to first time farmers?

Yes, Agribank can assist you to start farming. read more

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