Agriculture Loan

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Agriculture Loan

In alignment with Lebanon’s ever-giving nature, Fransabank, in collaboration with the Lebanese Ministry of Agriculture, offers you its pioneering Agriculture Loan. The Agriculture loan gives you the adequate funding and the capital needed to invest and expand your agribusiness project!

What do you get?

Currency: LBP
Loan amount: between LBP 3 million and LBP 25 million
Interest rate: 5%
Grace period: up to 3 months
Repayment period: between 3 and 48 months

What are the eligible agri-businesses?

Planting of fruits, vegetables and all plants
Poultry
Bee raising and production of honey
Livestock and production of related products
Fishery
Manufacturing of agricultural products, plant and animal foodstuff

Offers from Fransabank:

Exemption from files fees
Free life insurance covering all the loan amount
Free credit card

Offers from the Ministry of Agriculture:

Agriculture and environmental consultation
Assistance in the preparation of the action plan or the technical and financial feasibility study on the project
Laboratory tests (soil, water, crops ...)
Advice on compliance with quality standards, traceability and labeling and their importance to internal markets and to export
Guidance in the selection of seeds and seedlings, fertilizers, equipment, irrigation systems and drainage
Follow-up on projects and their outcomes

How does it work?

To qualify for the Agriculture Loan:

You should be of Lebanese nationality
Your age should range between 21 and 64 years at loan maturity What are the guarantees needed?
If the loan amount is up to LBP 15 million: Equitable mortgage and personal guarantor
If the loan amount is from LBP 15 to 25 million: Mortgage and personal guarantor

How can you repay your loan?

Through equal monthly installments that can reach up to 33% of your monthly income

Required Documents

Personal Documents

Questionnaire detailing the borrower profile and the agricultural project undertaken
Copy of identification card
Copy of family civil extract
Proof of residence such as mayor certificate, electricity, telephone, or water bill
Copy of medical insurance card or NSSF card
Application form

Employement-Related Documents

Employed

Authenticated salary certificate

Self-Employed

Declaration of revenues & expenses
Bank's statement of accounts for the last 2 years
Copy of company's circular
Balance sheet for the last 2 years
Tax sheets if any

Docs related to plot

Copy of title deed
Real estate certificate
Real estate certificate for the common parts

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