Partnership Programs for business
Lemken and Agroprosperis Bank partnership program for farm equipment purchase
Lemken
LEMKEN Company is a leading European manufacturer of high quality and highly productive agricultural units for soil cultivation, sowing and plant protection. LEMKEN has 240 years of experience, 1,600 employees, 4 factories and over € 390 million in turnover.
| Loan term | up to 7 years |
| Interest rate | from 1.60% to 6.05% p.a. in USD depending on the loan term |
| Down payment | from 20% from 0% in case a crop receipt is provided as additional collatera |
| Collateral | farm equipment |
| Notary registration of collateral | not applicable, only if mandatory |
| Collateral protection insurance | not applicable, only if mandatory |
| Repayment schedule | according to the season |
| Fee | for origination - 1% of loan amount, for early repayment - no-fee |
The possibility of purchasing the farm equipment under the partnership program is confirmed by the supplier.