Description
Humo agricultural loan for individuals engaged in farming, animal husbandry and crop production. Rate from 27% to 31% per annum in somoni. Amount from 800 to 80,000 somoni for individuals, term from 3 to 36 months. Grace period up to 12 months. Guarantee deposit 10% for amounts up to 50,000 somoni. Late payment penalty 1%.
Loan Conditions
- Interest Rate
- 27–31%
- Loan Amount
- 800 – 80 000
- Loan Term
- 3 – 3 года
- Payment Type
- Annuity
- Collateral
- Required
- Guarantor
- Not required
- Early Repayment
- Allowed
- Insurance
- Not required
- Disbursement Methods
- Cash, To account
Pros & Cons
Advantages
Grace period up to 12 months — payments start after harvest or product sales
Covers farming, animal husbandry and crop production — universal agricultural loan
Disadvantages
Guarantee deposit 10% — need to first place part of the amount on deposit
Borrower Requirements
Age
from 18 to 65 years
Income Verification
Required
Credit History
Checked
Required Documents
Passport Income Certificate
27–31%
annual interest rate
Amount800 – 80 000
Term3 – 3 года
CurrencyTJS
Payment TypeAnnuity
CollateralRequired
GuarantorNot required
Bank
Humo Bank