Agricultural Loan
Business Banking > Loans
Agricultural Loan
Business Banking > Loans
About Agricultural Loan
Yoma Bank’s Agricultural Financing offers a wide range of short-term and long-term financing products for the agricultural sector’s needs and to help sustain the cash flow for your Agri-business growth. Agricultural Financing is categorized into (6) financing products, such as Seasonal Credit Facility (Paddy/Rice), Seasonal Credit Facility (Corn), Agri Payable Financing, Agri Inventory Discounting, Agri Receivable Discounting and Agri SME.
Choose the perfect loan for you
Features and Benefits
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Increases cash flow for the business
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Contribute to the growth and expansion of the business
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Simplified and quick loan application
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Effective to Agri-business nature
Eligibility & Requirements
to Open Loan
- Business license
- Company registration (for company as borrower)
- NRC original and copy
- Household registration original and copy
- Original ward recommendation letter (Proof of residence)
- Revenue verification documents
- Receipts of revenue tax
- Financial statements
![requirement](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://yomabank.com/wp-content/uploads/2023/05/requirement-doucment.png)
Before you applied check these information
Small Print about Agricultural Loan
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- Paddy/Corn Farmers
- Exporters/Traders
- Millers
- Contract Farming Companies
- Manufacturers of Agricultural
- Distributors/Dealers of Agricultural
Interest* | Loan Terms* | Loan Amount* | Establishment Fees* | |
Seasonal Credit Facility (Paddy/Rice) | 9.5% (minimum) | Up to 11 months | Min- 50mn MMK Max- 500mn MMK | 0.5% |
Seasonal Credit Facility (Corn) | 9.5% (minimum) | Up to 11 months | Min- 30mn MMK Max- 300mn MMK | 0.5% |
Agri Payable Financing | 10% (minimum) | Up to 180 days for each invoice | Min- 25mn MMK Max- 500mn MMK | 0.5% |
Agri Inventory Discounting | 10% (minimum) | Up to 1 year | Min- 500mn MMK Max- 6,000mn MMK | 1% |
Agri Receivable Financing | 10% (minimum) | Up to 180 days for each invoice | Min- 500mn MMK Max- 2,000mn MMK | 1% |
Agri SME | 10% (minimum) | Up to 3 years | Min- N/A Max- 1,000mn MMK | 0.5% |
* During the loan tenure, the interest rate is subject to change at any time by the Yoma Bank or the Central Bank.
Agricultural Loan
Frequently Asked Questions
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These are :
- SME Express Loan
- Distributor Loan
- Invoice Financing
- Transactor Loan
- Business Overdraft
- Business Loan
- Hire Purchase
- SMART Credit Business