FLEXI loan for farmers

VÚB offers you a loan to cover your increased operating and financial needs at the time of sowing, planting and harvesting, until you receive a subsidy from the Agricultural Paying Agency (APA).

With this flexible loan, you can get up to 100% cover of the estimated direct payments for the given year before they are paid by the APA. You can apply for the loan at any time, before as well as after you submit a subsidy application to the APA. The entire loan including interest, principal and up-front fee is due after the subsidy is provided.

Advantages of the bridge loan from VÚB:

  • Possibility to get a loan for two subsidy periods
  • Possibility to get a loan for an additional subsidy period before you receive the subsidy for the preceding year
  • Unlimited maximum amount
  • Advantageous interest rate
  • Prompt loan handling
  • Minimum loan security requirements
  • Special account maintenance without charge
  • Provision of funds to your current account
  • Strong partner with a strong market position
  • Biggest corporate branch network in Slovakia
  • Professional team for professional and financial aid

Maximum loan amount:

  • Opportunity to get 100% of the total amount of subsidy from the APA: a basic loan of 90% of the total amount of subsidy from the APA immediately and the remaining part after submitting a decision of the APA for the relevant year (upon client’s request)

Maturity period:

  • Until the subsidy from the APA is provided, no later than on June 30 of the year following the past financed year

Loan conditions:

  • Legal or natural person
  • Minimum 2 years of business activities, of which one year in the field of agriculture
  • Meeting the criteria of VÚB, a.s. concerning the creditworthiness of business entity

Loan security:

  • Blank promissory note
  • Other acceptable form of security

Loan application processing period:

  • Your bridge loan application will be processed within 2 working days of the submission of the requested documents.

In case of interest please contact the nearest corporate branch.




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