Agricultural Loan
Yoma Bank’s Agricultural Financing offers a wide range of short-term and long-term financing products for the agricultural sector’s needs and to help sustain the cash flow for your Agri-business growth. Agricultural Financing is categorized into (6) financing products, such as Seasonal Credit Facility (Paddy/Rice), Seasonal Credit Facility (Corn), Agri Payable Financing, Agri Inventory Discounting, Agri Receivable Discounting and Agri SME.
Features and Benefits
- Increases cash flow for the business
- Contribute to the growth and expansion of the business
- Simplified and quick loan application
- Effective to Agri-business nature
Agricultural Loans are suitable for
- Paddy/Corn Farmers
- Exporters/Traders
- Millers
- Contract Farming Companies
- Manufacturers of Agricultural
- Distributors/Dealers of Agricultural
Interest, Fees and Loan Term
| Interest* | Loan Term* | Loan Amount* | Establishment Fees* | |
| Seasonal Credit Facility (Paddy/Rice) |
9.5% (minimum) |
Up to 11 months | Min- 50mn MMK Max- 500mn MMK | 0.25% |
| Seasonal Credit Facility (Corn) | 9.5% (minimum) | Up to 11 months | Min- 30mn MMK Max- 300mn MMK | 0.25% |
| Agri Payable Financing | 10% (minimum) | Up to 180 days for each invoice | Min- 25mn MMK Max- 500mn MMK | 0.5% |
| Agri Inventory Discounting | 10% (minimum) | Up to 1 year | Min- 500mn MMK Max- 6,000mn MMK | 1% |
| Agri Receivable Discounting | 10% (minimum) | Up to 180 days for each invoice | Min- 500mn MMK Max- 2,000mn MMK | 1% |
| Agri SME | 10% (minimum) | Up to 3 years | Min- N/A Max- 1,000mn MMK | 0.25% |
* Rates may subject to change.
Requirements
- Business license
- Company registration (for company as borrower)
- NRC original and copy
- Household registration original and copy
- Original ward recommendation letter (Proof of residence)
- Revenue verification documents
- Receipts of revenue tax
- Financial statements
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