Loan/Debt

Centenary Bank – Farm Equipment Lease

Posted 6 months ago

Description

Are you a produce farmer or commercial-farmer looking to finance the purchase of small and high value farm equipment? Our Farm Equipment Loan allows farmers to purchase small value equipment such as sprayers, farm tools like steel ploughs, paddlers and tractor attachments/accessories, fodder cutting machine, tractor oil engine, pump and higher value farm equipment and big-ticket equipment; such as tractors, combine harvesters, rice haulers etc.

Contacts

Address: Centenary Bank, Head Office: Mapeera House, Plot 44-46 Kampala Road & Plot 2 Burton Street. P. O. Box 1892 Kampala Tel: 0800 200555, +256 317202315, +256 417 202 002. E-mail: info@centenarybank.co.ug

ADDITIONAL FMC INFO

Product Features: Loan period for working capital purpose is up to a maximum 24 months but development/investment may exceed 24 months. No principal loan repayments during the grace period except for the interest where cash flows allows. Repayable through equal installment payments whose amounts are dependent on the projected cash flow of the agricultural activity Irregular payments can be structured basing on the cash flows Interest charged on reducing balance Minimum loan amount UShs. 100,000 Payments from other sources of income are allowed Maximum loan amount of up to UShs 8 Billion.