AgriFin

About BKB AgriFin

To be competitive in agriculture, farmers need the support of not only the markets, but also strong financial support.

The establishment of BKB AgriFin has emerged to meet this very need, and we are committed to being the leading Agribusiness in South Africa. How? By adding value to all stakeholders with a key focus on sustainable, profitable growth the entrepreneurial way.

BKB AgriFin operates from the group’s head office in Port Elizabeth. We benefit from BKB’s extended footprint, but employ staff whose passion for customer service provides competitive advantages for our clients.

We see ourselves as a notable role player in the Southern African agricultural environment.

Finance Product Range

BKB AgriFin’s loan products have been customised specifically for the primary agricultural sector in South Africa. BKB AgriFin’s credit advisors and divisional personnel work closely with you on a farm level to understand and meet your unique financial needs.

Please explore our range of innovative, flexible financial products designed for agricultural producers in South Africa. Click on the product name for even more details.

Production Loan: Fibre (wool/mohair)
The production loan is granted for a maximum of a 12 month period on the condition that the client has a track record regarding fibre delivery to BKB or a firm undertaking (i.e. cession on proceeds of fibre) is given that fibre will be delivered to BKB.

 

Minimum Loan Depending on where the wool is in terms of the production cycle the loan amount will differ. A realistic norm is 50% of the rand value of the average historic fibre delivery.
Term Maximum 12 month period
Repayment Capital and interest to be paid within a 12 month period from the proceeds of the fibre.Interest is calculated from the date of the transaction until date of repayment – both dates included
Security Cession on proceeds of fibreSurety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).

Production Loan: Livestock
The loan is granted for the purchase of sheep, angoras and cattle (including dairy cows) via BKB auctions or liaison transactions with terms varying up to 60 months.

 

Minimum Loan R5 000
Term Term > 12 months: To enable a livestock farmer to increase the livestock herd on a permanent basis and not for speculation purposes.Term < 12 months: To enable livestock and or grain farmers to utilise favourable weather conditions and / or surplus grazing through the purchase of livestock that will be sold within a 12 month period after date of purchase.
Repayment Speculation purposes: Capital and interest to be paid within a 12 month period.Sheep / Mohair: 36 months – capital and interest payments as agreed.Cattle: 60 months – capital and interest payments as agreed.Interest is calculated from the date of the transaction until date of repayment – both dates included
Security General or specific notarial bond over livestock.Commercial covering mortgage bond over property.Surety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).

Credit Line: Livestock
This facility enables livestock farmers, feedlot owners & abattoirs to purchase livestock via BKB auction or liaison transaction. Payments are per invoice and terms vary up to 180 days

 

Minimum Loan R50 000
Term 7 days to 180 days – depending on the production cycle; subjected to an annual review
Repayment Capital and interest to be paid within agreed term.Interest is calculated from the date of the transaction until date of repayment – both dates included – unless full repayment is received within 14 days from date of transaction
Security General or specific notarial bond over livestock.Commercial covering mortgage bond over property.Surety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).

Monthly Account
The facility enables a client to transact direct and indirect transactions, regarding the purchase of production inputs, through BKB Trade. Account is payable 30 days after date of statement.

 

Minimum Loan R500
Term Ongoing subject to an annual review
Repayment Capital and interest payable 30 days after statement.If full payment is received within 30 days after statement – no interest is charged.
Security Surety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).Depending on the results of the risk analysis, facility amount, etc. other securities may be negotiated

Production Loan
The facility enables a client to transact direct and indirect transactions through BKB Trade regarding the purchase of production inputs. Repayment of the account is linked to the specific farming enterprise (i.e. wool / wheat / maize / potatoes / livestock / pineapples) and is settled from the proceeds of that specific farming enterprise.

SecuritySurety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).Depending on the results of the risk analysis, facility amount, etc. other securities may be negotiated

 

Minimum Loan R100 000
Term Full repayment from the proceeds of the specific farming enterprise, depending on the production cycle of the crop, with the understanding that the maximum term is 12 months
Repayment Capital and interest repayments to be determined by the cash flow/ production cycle of the business unit/ farming enterprise.For example: winter and summer grains – Capital and interest is payable from the proceeds of the harvest (maximum 12 month period).Interest is calculated from the date of the transaction until date of repayment – both dates included

Want to know more?

To have a representative of BKB AgriFin contact you with more information, click the “contact me” button below.

Contact Me

For information about BKB AgriFin Products or to have a credit advisor contact you, please call our Customer Service Centre on 041 – 503 3074 or send an email to bkbcredit@bkb.co.za to find out more.