Vehicle & Tractor Loans Namibia : Agricultural Bank

Name of the Organization : The Agricultural Bank of Namibia
Type of Facility : Vehicle & Tractor Loans
Country : Namibia

Website : http://agribank.com.na/

Vehicle & Tractor Loans :

Loans are available to purchase new and second-hand vehicles such as light delivery vans, trailers, small trucks and tractors.

Related : Agricultural Bank Livestock Loan Namibia : www.statusin.org/6670.html

The repayment period in the case of the purchase of a new vehicle is five years and three years for a second-hand vehicle.

The repayment period in the case of the purchase of a new tractor is ten years and five years for a second-hand tractor.

Requirements:
** Applicants must have a clean credit record.
** Applicants can either be full or part time farmers.
** Applicants should be Namibian citizens.
** Applicants must provide a business plan.
** Agribank offers flexible installment options to suit client’s financial needs. The available installment options are: monthly, quarterly, bi-annual or annual.
** Loans are granted against security of fixed property (mortgage bond) or any other acceptable form of security (fixed deposits, investments and surrendering value of policies).
** Applicants must provide a quotation from the registered dealer.
** Companies or co-operatives should provide audited financial statements, certificate of registration, shareholders or directors of the company and must have a registered auditing firm.

Contact us for further information :
Product Enquiries:
Mr. John Ntemwa:
Business Consultant
Caprivi Branch
MAIL: jntemwa [AT] agribank.com.na
TEL : 066252060/2

Mr. Dusken Manyando Mungalisa:
Sales & Services Consultant
Rundu branch
MAIL: dmungalisa [AT] agribank.com.na
TEL: 066255113

Mr. Jonathan Maharero:
Sales and Services Consultant
Southern branch(mariental)
MAIL: jmaharero [AT] agribank.com.na
TEL: 063 242734

Mrs. Maureen Kamerika:
Sales & Servises Consultant
Otjoreku branch (otjiwarongo)
MAIL: mkamerika [AT] agribank.com.na
TEL: 067304497

Mr. Frans Arnold Nanuseb:
Sales & Services Consultant
Otjoreku branch (otjiwarongo)
MAIL: fnanuseb [AT] agribank.com.na
TEL: 067-304497

Mr. Evans Simbuwa Mwangala:
Sales & Services Consultant
Oshakati branch
MAIL: emwangala [AT] agribank.com.na
TEL: 264 65 22 1113

Mr. Innocent Kwenani Simasiku:
Business Consultant
Midland branch
MAIL: isimasiku [AT] agribank.com.na
TEL: 061207 4261

Mr. Mekupi Hengari:
Consultant
Midland branch
MAIL: mhengari [AT] agribank.com.na
TEL: 0612074281

FAQs :
What type of security must I provide for a loan at Agribank?
Loans are granted against security of fixed property, investment or any other acceptable form of security (fixed deposits, investments and surrendering value of policies).

Does Agribank also provide personal loans?
No, Agribank is not a commercial bank.
Does Agribank provide loans to first time farmers?
Yes, Agribank can assist you to start farming.

About Us :
Agribank is a State-Owned Enterprise with the mandate to promote the growth and development of agriculture through affordable and innovative financing. Agribank has been operating in Namibia for over 25 years.

Agribank Act No. 5/2003, as amended, provide the legal framework for regulating the business of the bank and to expand the business operations to be responsive to the changing environment. The Act mandates Agribank to advance money to persons or financial intermediaries to promote agriculture and activities related to agriculture.