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Applicable Interest Rates
Period Interest Rates for Commercial Customers Interest Rates for Communal Customers Interest Rates for Resettlement Farmers Short Term Loans Ekwatho Meatco Scheme 1-2 years Production inputs / Crop production / Seasonal Loans (revolving basis) 1-2 years Medium Term Loans Loans for the purchase of male breeding stock and tollies 5 years Loans for the purchasing of light delivery vans, veld vehicles and small trucks 5 years Loans for the purchasing of used tractors and agricultural implements 5 years Loans for the purchasing of Draught animals and implements 5 years Loans for the purchasing of irrigation equipment, etc. 5 years Loans for the purchasing of breeding birds (ostrich farming), Poultry 5 years Bush encroachment: Labour 10 years Aerial spraying and other methods 10 years Infrastructure and Improvement loans 10 years Loans for the purchasing of large stock 10 years Loans for the purchasing of small stock 8 years Loans for the purchasing of new tractors and agricultural implements 10 years Long Term Loans Loans for the purchase of Land for beginners 25 years Loans for the purchase of additional land for expansion 20 years Loans for the construction of dwellings and other permanent farm buildings 15 years Loans for the construction of Labourers Housing 15 years Loans for water provision, fencing and other improvements 15 years Loans for Taking over of debts 15 years Loans for loan consolidation 10-25 years Bush encroachment: Labour 15 years Aerial spraying and other methods 15 years
*Applicable from November 2009.
"Affordable interest rates for affordable products to grow the farming business in more ways than one."