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Credit for Purchasing Agricultural Land

Credit for purchase of agricultural land plots can be received in order to expand acreage, i.e. for farm business development.

  • Currency: euro.
  •  Amount: up to 90 % of value / price (whichever is the lesser) of an agricultural land plot to be purchased, when the area of the purchased land plot is 10 hectares or more; and up to 80 % of value / price (whichever is the lesser) of an agricultural land plot to be purchased, when the area of the purchased land plot is less than 10 hectares.
  • Collateral: mortgage of the purchased agricultural land plot. In case, if an additional security is provided, it can be financed up to 100% of value / price (whichever is the lesser) of the purchased agricultural land plot. The property for mortgage must be evaluated by independent property valuators.
  • Credit period: up to 10 years.
  • Repayment of the credit shall be in accordance with the client's cash flows, but at least twice a year.

 

How to receive a credit for purchase of agricultural land plots?

If you have decided to take a credit, please call the information line and arrange for a meeting with a Bank specialist or fill in the application and arrive at the nearest Bank's branch, customer service center or subdivision for a consultation. Please be sure to bring the documents indicated in the credit application.
Fill in the credit application (in lithuanian)

 

 

 

 

  

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