Financial leasing is available for farms working in grain, livestock, vegetable growing and other agricultural sectors and is intended for the purchase of new and used agricultural machinery or refinancing of existing machinery.
AgroCredit Latvia, on the instructions of the borrower, purchases a piece of equipment and hands it over to the lessee for redemption. Upon payment of all leasing payments, the lessee becomes the owner of the equipment.
The leasing period is usually 2-5 years and can be repaid with regular monthly payments or a schedule adapted to the needs of the farm and seasonality.
The leasing object itself serves as a security for financing and no additional security is required.