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Interest Rate

Item No.Types of LoansInterest Rate (%)
1.0Investment Loans
1.1Purchase of Cane Farm   Government Grant Farm Purchase Loan3.95   2.99% fixed for 12 months and 3.95% Variable thereafter
1.2Purchase of Farm Machinery3.95
1.3Finance New Lease3.95
2.0Improvement Loans
2.1Farm House Construction   House loan (termite) Package3.95   2.99% fixed for 12 months and 3.95% Variable thereafter
2.2Water Project/ Borehole Drilling/ Purchase of Water Tank3.95
2.3Electrical Wiring/Solar power installation3.95
2.4Repairs of Farm Equipment/Fencing3.95
3.0Cane Development Loans
3.1CDP-Farm Development3
3.2Cane Development Revolving SCGF (CDRF)0.00
4.0Rehabilitation Loans 
4.1Rehabilitate farms, building damaged by natural disaster3.95
5.0Working Capital Loans
5.1Pre Harvesting Expense/ Payment of Farm Substitute3.95
5.2Purchase of farm equipment’s3.95
6.0Sundry/ Financial Hardship Loans
6.1Wedding Expense3.95
6.2Education Expense3.95
6.3Medical Expense3.95
6.4Rental Arrears3.95
6.5Insurance Premium3.95
6.6Funeral Expenses3.95
6.7Utility Bills3.95
6.8Store Account3.95
6.9Legal Costs3.95
7.0Subsistence Farming
7.1Livestock/Poultry/Bee Keeping/ other crops3.95
7.2Aqua Farming3.95
7.3Milking Cow3.95
8.0Refinance Cane Growers Loan
8.1Refinancing of Debt owed to other Lenders3.95
9.0Commercial Specialized Loan 
            9.1Commercial Specialized LoanThe interest rate to 3.95% for 12 months and 5.45% variable per annum