Financial leasing is available to farms working in grain, milk and meat farming, vegetable growing and other agricultural sectors and is intended for the purchase of new and used agricultural machinery or the refinancing of existing machinery.
AgroCredit Latvia purchases a unit of equipment at the borrower’s direction and transfers it for redemption to the lessee. By paying all leasing payments, the lessee becomes the owner of the equipment.
The leasing period is usually 2-5 years and its repayment can take place with regular monthly payments or with a schedule adapted to the needs and seasonality of the farm.
The leasing object itself serves as the financing security and no additional collateral is required.