Instalment Sale Finance is a type of medium-term loan where the goods that you buy act as the main security for the loan: the goods belong to the Bank until the loan is paid in full. It enables all farmers, especially those with limited assets to grow their businesses.

Typical uses

• Farming equipment
• Implements
• Vehicles
• Livestock
• Certain types of stud livestock

This finance package is available for periods between 3 and 10 years, depending on the expected length of life of the asset. Payments can be made on a monthly, quarterly, six-monthly or annual basis.
An individual farmer or a group or any legal entity may access this type of loan.

Interest

The total amount due plus interest are determined at the time you take out your loan and divided into equal instalments over the loan's lifespan.