Ziraat Bank’s feed loan for farmers is a credit product that continued to be offered in 2021. The interest rate for this farmer feed loan provided through Ziraat Bank is set at 0.5%. Applicants who want to obtain a feed loan from Ziraat must present collateral and a guarantor. Farmers who meet the collateral and guarantor requirements can apply for the feed loan at an interest rate of 0.5%.
Those who want to receive the farmer feed loan must first complete their application with the required documents and then wait for the result. Ziraat Bank notifies applicants of credit decisions through its telephone banking channels.
What Is the Farmer Feed Loan?
The farmer feed loan is a credit offered to farmers by the Republic of Turkey through Ziraat Bank. A maximum limit has been set for this feed loan, and loans are given to farmers within that limit. To be eligible for the feed loan, farmers must first meet the necessary requirements and then apply to Ziraat Bank.
The feed loan continues to be provided to support the quality and sustainability of local production and to ease the economic strain caused by the pandemic. The aim is to prevent farmers who apply for the loan from falling into financial distress. Applications for the feed loan must be made to Ziraat Bank.
What Are the Features of the Farmer Feed Loan?
The feed loan was offered to farmers in 2021 as well. Ziraat Bank provides the loan with a very low interest rate. Farmers who want to take out the feed loan are expected to submit their applications at a bank branch. The feed loan offers several advantages and features.
Key advantages include:
- Sustaining local production
- Allowing time to generate income before repayments begin
- Supporting local producers
- Helping farmers experiencing financial difficulties
One significant advantage is that loan repayment typically begins two years after disbursement; during this two-year period applicants are not required to make payments.
Who Is Eligible for the Feed Loan?
The feed loan is a credit product available exclusively to farmers. To apply, you must be officially recognized as a farmer. Individuals who work in farming but are not officially registered and do not hold a farmer registration certificate are not eligible. Being registered as a farmer is one of the primary conditions for applying for a feed loan through Ziraat Bank.
To obtain a farmer registration certificate, applicants can complete the registration process online via the government portal or register through local municipal offices. Once the registration document is obtained, it can be submitted with the loan application.
Who Provides the Feed Loan?
Ziraat Bank is the bank that provides feed loans to farmers. Farmers who wish to receive a feed loan should submit their applications to Ziraat Bank. Applications made through Ziraat are subject to a 0.5% interest rate.
Applicants can choose to apply at a branch, via internet banking, or through the mobile banking application. Before applying, applicants must meet certain conditions and complete the required paperwork.
What Is the Ziraat Bank Farmer Feed Loan?
Ziraat is known as the main bank that provides feed loans to farmers. As a public bank, Ziraat offers a range of supports and credit products tailored to agricultural producers.
To obtain the feed loan, applicants must be registered in the farmer registration system and present the registration document to the bank. Individuals who fulfill all required conditions and submit the requested documents are eligible for the feed loan.
As a state-owned bank, Ziraat applies a very low interest rate to the feed loan. Applicants who wish to receive the loan generally need to be customers of the bank. Those who are not yet customers will become customers if their application is approved.
What Is the Interest Rate for Ziraat Bank’s Farmer Feed Loan?
The interest rate for the feed loan was reduced due to the coronavirus pandemic. As of November 2021, the interest rate for applicants was set at 0.5%. Farmers who wish to benefit from this low rate should apply to Ziraat Bank.
Ziraat Bank accepts loan applications through its branches, internet banking and telephone banking. Pandemic measures have increased the number of services that can be completed without visiting a branch; however, applicants must still visit a branch to submit certain required documents for the feed loan.
What Is the Term of the Ziraat Bank Farmer Feed Loan?
The repayment schedule for the feed loan can vary. Ziraat Bank offers the loan with a long upper limit, and repayment typically begins two years after the loan is issued. In other words, repayments can start two years after the loan disbursement date.
If applicants wish to make early payments, a revised payment schedule can be arranged so that repayments occur within the two-year period. After the initial two years, repayment installments are commonly structured in six-month periods. The two-year deferral is intended to allow farmers time to invest and start generating returns.
Once the investment period yields income, Ziraat Bank will request loan repayment. The bank also offers options such as statement deferment, skipping months, or structuring payments in specific intervals to accommodate borrowers.
How Much Is the Ziraat Bank Farmer Feed Loan?
The feed loan has a relatively high maximum limit. Ziraat Bank sets both an upper limit and conditions for loan amounts.
Applications can be made for amounts that do not exceed the specified upper limit. The maximum amount for the Ziraat Bank farmer feed loan is 2,500,000 Turkish Lira.
The feed loan is issued only in Turkish Lira and repayments are also required in Turkish Lira. The loan’s interest rate is 0.5%; this percentage applies to the principal over the loan term.
What Is the Upper Limit for the Farmer Feed Loan?
The feed loan is a Ziraat Bank product exclusively for farmers. Applicants must meet all eligibility requirements to benefit from the loan.
A maximum limit has been set for the feed loan. Applications for amounts that exceed this limit are not accepted. The upper limit for the farmer feed loan is 2,500,000 Turkish Lira.
Although the upper limit is 2,500,000 TL, borrowers should calculate the total repayable amount including the 0.5% interest. There is no separate lower limit specified by the bank; eligible applicants can receive the loan up to the established maximum.
When Can the Farmer Feed Loan Be Taken?
The feed loan is not limited to a specific time of year. Applications are accepted year-round, so applicants can apply at any time during the calendar year. There is no time restriction for the loan application period.
It is known that branch applications are typically accepted between 10:00 and 16:00 on business days. Applicants should visit Ziraat Bank during working hours to submit their feed loan application.
During the application process, applicants may encounter preliminary and principal application stages. The bank generally expects farmers to apply in person for their farm and animals; applications on behalf of others are not typically accepted.
Where to Apply for the Farmer Feed Loan?
Applicants should submit their feed loan application to Ziraat Bank. The bank accepts applications during business hours and through other channels, but document submission usually requires an in-branch visit.
Loan applications must be submitted in person by the farmer without intermediaries. Applicants who are not Ziraat Bank customers can apply at any Ziraat branch.
Existing customers may use the branch where their main account is held or any other Ziraat branch they prefer.
What Are the Requirements for the Farmer Feed Loan?
Ziraat Bank sets the eligibility requirements for the feed loan. These conditions can change from year to year depending on current circumstances.
As of November 2021, the bank required the following:
- Be at least 18 years old
- Be registered in the farmer registration system
- Be a citizen of the Republic of Turkey
- Apply with all requested documents
- Be able to provide collateral and a guarantor
These are the main conditions. Applicants are expected to meet all requirements and to present a significant portion of their livestock as collateral. Those who cannot provide livestock as collateral are generally not eligible for the feed loan.
Is the Feed Loan Supported by KOSGEB?
The feed loan is not supported by KOSGEB. The loan is directly supported by the Republic of Turkey and provided through the Treasury and Finance Ministry via Ziraat Bank. The state and ministry have chosen Ziraat Bank to administer this credit.
The Ziraat Bank farmer loan is not a KOSGEB product; it is funded by the state to support farmers. The loan aims to promote sustainable production and strengthen local agriculture.
During this development, applicants are encouraged to adopt organic practices and ecological techniques that reduce water consumption and promote sustainability.
Which Documents Are Required for the Feed Loan Application?
The bank determines the documents required for the feed loan application, and applicants must complete their submissions with all necessary paperwork. Required documents can be classified into two groups: those related to the applicant and those related to the farm and livestock that will be covered by the loan.
Some documents must belong to the applicant, while others pertain to the farm and animals where the loan will be used.
Commonly requested documents include:
- Proof of registration in the farmer registration system
- Copy of Turkish ID card
- Farm tax certificate
- Title deed for the farm (or rental contract if the land is leased)
- Comprehensive list including ear tag numbers of the animals
These documents should be prepared and submitted to a Ziraat Bank branch when applying.
Does Ziraat Bank Accept Digital Applications for the Farmer Feed Loan?
Ziraat Bank has expanded its credit application channels because of the coronavirus pandemic. While applications were previously handled primarily at branches, the bank now permits the use of digital channels as well.
Channels that can be used to apply for the farmer feed loan include:
- Internet banking
- Mobile banking application
- Customer contact center
- Ziraat Bank branches
- SMS
- Official website
These online and remote channels can be used to initiate the application for the farmer feed loan, though final document submission may still require a visit to the branch.