The aim is to help farmers more easily overcome the combined negative effects of the pandemic and the poor harvest in some parts of the country.
Agrion Finance's most popular product - land leasing - will now be available quicker and on more favorable terms, which strengthens the company as a preferred partner over other credit institutions.
One of the changes is that the application can be done almost entirely digitally - through the section on the site of "Agrion" https://www.agrion.bg/finance/. The client can perform almost all operations online without having to leave home and visit offices constantly.
As a nationally responsible company, Agrion's goal has always been to support Bulgarian agriculture. That is why our package aims to help local farmers get through this difficult situation. Access to finance is often one of the main reasons people do not engage in agriculture. That is why our products will reach farmers easier, faster and, most of all, more profitably.
Agrion Finance's most popular product is land leasing. The company offers financing up to 100. This is a serious relief for farmers who have the opportunity to buy arable land without disrupting their financial planning or to obtain the necessary funding without losing assets.
The property valuation is done by the Agrion experts for free. If it coincides with the price of the plot, the farmer does not owe an initial installment, but goes directly to repay the lease installments. The collateral is agricultural land and the repayment plan is entirely customised, depending on the specific needs of the lessee. Farmers can choose on how many installments to pay their lease, as well as in which periods of the year this should happen. The ability to adjust these payments to the income they have by period, is one of the most important reasons for farmers to prefer leasing from Agrion Finance. The company does not charge a fee for application reviewing, and no commitment fee is asked.
Registered farmers and legal entities are not required to present proof of a clean credit history and/or a detailed business plan, as are the mandatory conditions of other credit institutions.
One of the other major advantages for the farmers is that no transfer of accounts is required. Most financial institutions have explicit requirements for cash flows to flow through them in the event of a lease.
A study, conduvred by Agrion Finance, shows that every fourth farmer needs additional financing annually, and more than 200,000 people take out loans each year.
You can find the complete information about the products of Agrion Finance on the company's website at https://www.agrion.bg/finance/ or on the free national phone 0800 111 66.