Stanbic IBTC AgriBusiness Finance – Register Now

Overdraft

An overdraft is a great way to help you finance your short-term cash flow and working capital needs. An overdraft is a great way to help you finance your short-term cash flow and working capital needs. It is linked to your current account and you can use as much as you need up to your agreed limit. As a farmer, you can apply for an overdraft to help in the running of your farm.

What does it offer me?

• It is quick and easy to arrange.
• Cash is available when you need it.
• Interest is paid only on the money you use, not on the full amount at which your limit is set.

Asset Finance – To finance all your farming vehicles and implement needs, we offer a wide range of packages to suit your business’s cash flow and tax requirements.

CONTENT CARD – ASSET FINANCE

Revolving Credit Plan

Effective cash flow planning tailored to suit your financial needs. A business revolving credit loan is a fixed monthly payment that allows you to borrow up to your original loan amount again, once you have repaid 25% of the loan. It can be paid off over two to five years. Just like the overdraft, you will only pay interest on what you use.

An Agricultural Production Loan (APL) is a short-term credit solution that allows you to upgrade and modernise your agricultural machinery and equipment. Loans are granted for terms between six and twenty-four months with a required repayment at the end of the term. It is suitable for grain farmers, individual farmers, groups, and leal entities in the agricultural sector.

Input costs that qualify for production credit include:

• Seeds and fertilisers
• Fuel, oil and lubricants
• Herbicides and pesticides
• Repairs and maintenance
• Crop insurance premiums

HOW TO GET IT

Please visit a Stanbic IBTC Bank branch near you or call 0700 CALL STANBIC (0700 2255 7826242) or +234 01 270 9676 or email customercarenigeria@stanbicibtc.com.

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