Covid-19 Interventions

Agribank has adopted a three-pronged approach:

Measure Purpose
1. Payment holiday/relief
  • Provides instalment payment relief; thus easing cash-flow pressure on farmers – impact of COVID-19 to be proven.
  • Payment is postponed to a future date but not written off.
  • Clients who are able to make payments are encouraged to do so.
2. New loans for production stimulus
  • Provide stimulus by supporting achievement of optimal production levels.
  • Support additional income streams for farmers affected by COVID-19.
  • Loans are to be provided only to clients in good standing.
3. Other relief measures
  • Conditional credit-bureau de-listing.
  • Conditional restructuring.
  • Conditional suspension of legal actions during relief period.
  • Interest rate adjustments.

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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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