In 2020, the banks that offered support to farmers included the following:
- Vakıfbank
- Ziraat Bank
- Yapı Kredi Bank
- Fibabanka
- Akbank
- QNB Finansbank
- Türk Ekonomi Bankası (TEB)
- Şekerbank
- Türkiye İş Bankası
- Denizbank
Each bank that organized agricultural loan campaigns set different terms and conditions for loan use. After reviewing the required conditions, farmers should apply to the bank that offers the most suitable loan for their needs.
What Are the Conditions for Using an Agricultural Loan?
The basic conditions for using agricultural loans are widely accepted by banks. Typical requirements include:
- Applicants must be over 18 years old.
- Farmers requesting agricultural credit must be registered in the Farmer Registration System (ÇKS) and have active records.
- When required, collateral and guarantors must be provided.
- The facility or business must have at least three years of operation with consistent yields during that period.
- Farmers who previously used credit are expected to have a good credit score.
- Income from agricultural activity should be sufficient, or applicants must have additional income sources.
- Individuals on a bank blacklist or subject to ongoing legal proceedings cannot apply for agricultural loans.
- Registration with the relevant agricultural chamber or authority is required for those working in the sector.
- If the requested loan exceeds the bank’s limit, additional collateral must be provided for the excess amount.
- For real estate used as collateral, a spousal consent form must be prepared and signed by both spouses.
- Guarantors must have a good credit score and a stable income.
What Documents Are Required for an Agricultural Loan Application?
The documents commonly requested for an agricultural loan application include:
- Copies and originals of the applicant’s ID card or driver’s license
- Farmer Registration System (ÇKS) certificate
- Income document showing monthly and annual net income
- Current tax certificate for the farm or business
- Annual income statements and balance sheets for the business
- Signature circulars for the business
- Proof of residence
- Annual trade journal announcements for the business
- Lease agreements and title deed copies for land or facilities
- Utility bills (electricity, water, natural gas) for the last three months
Depending on the applicant’s situation, additional documents may be required. After preparing the necessary documents, the application will be entered into the bank’s system.
What Are the Features of Ziraat Bank’s Agricultural Loan?
Ziraat Bank offers agricultural loans designed for various uses. Key features include:
- Loans are available for different agricultural activities and needs.
- Financing is provided for modern irrigation systems such as drip, pressurized, or other field irrigation systems.
- Small agricultural equipment purchases can be supported with loans up to 25,000 TL.
- Loans are available for establishing agricultural enterprises.
- Financing covers needs related to harvest and marketing activities.
- Repayment terms can be arranged for up to seven years.
To apply for Ziraat Bank’s agricultural credit, visit the nearest Ziraat Bank branch for detailed guidance.
What Are the Usage Details of QNB Finansbank Agricultural Loans?
QNB Finansbank provides a range of agricultural loan options with the following characteristics:
- Special campaigns are available for plant production, fruit and vineyard production, organic farming, greenhouse (protected cultivation), and conventional field production.
- Loans may cover up to 75% of annual production costs, depending on the operation.
- Repayment can be structured as monthly installments or a single payment at harvest time.
- Payment schedules can be set monthly, quarterly, semiannually, or annually.
- Interest rates and loan terms vary based on the applicant’s specific circumstances.
QNB Finansbank loan applications are made in person at branches. Applicants must submit ID, ÇKS registration, and income documents when applying.
What Are TEB’s Farmer Loan Options?
Türk Ekonomi Bankası (TEB) offers various agricultural financing products with details such as:
- Loans supporting good agricultural practices can be structured with up to 12 months of terms.
- Contracted production financing is available with up to 12-month terms.
- Tractor loans can be arranged with up to 60-month repayment terms.
- Loans for agricultural machinery and equipment typically offer up to 48 months of repayment.
- Financing for modern pressurized irrigation systems can be offered with up to 60 months of repayment.
- Greenhouse and protected cultivation loans often have up to 60-month terms.
- Land acquisition loans for agricultural use can be provided with up to 60-month terms.
- Loans for farm establishment are also available with repayment plans up to 60 months.
TEB may offer livestock loans with up to two years of grace period in some campaigns. Agricultural and livestock loan terms can extend up to 84 months depending on the product. Interest rates depend on loan size and applicants’ credit profiles. Applications should be made at TEB branches.
What Are the Details of Türkiye İş Bankası’s Agricultural Loan Campaigns?
Türkiye İş Bankası’s agricultural loan offers vary according to the intended use:
- Short-term seasonal loans can be granted with terms up to 24 months.
- Greenhouse operations may receive loans with up to 24-month terms.
- Medium-term agricultural loans can have terms up to 60 months.
- Contracted production for third parties may be financed with 12-month terms.
- Mushroom production businesses may receive loans with up to 24 months of repayment.
- Land purchases for agriculture may be financed with up to 60-month terms.
Interest rates and limits depend on the borrower and the value of the business. Prospective applicants should visit the nearest İş Bank branch to submit required documents.
What Are the Details of Şekerbank’s Farmer Loan Campaign?
Şekerbank’s farmer loans are designed to cover expenses such as field lighting, pest control, fertilizer and fuel costs, and seed purchases. Loan amounts and terms are determined based on the farmer’s annual income and the collateral offered. Key points include:
- Loan limits and usage details are tailored to individual circumstances.
- Repayment terms can be up to two years for many products.
- Interest rates vary according to credit history and the requested loan amount.
- Applications must be submitted in person at a Şekerbank branch.
Farmers seeking financing should prepare the required documents and visit the relevant bank branch to discuss options and complete the application process.