Exclusive terms and conditions of state contribution on agricultural engineering lease
In the framework of the program“State contribution to the agricultural engineering lease in the Republic of Armenia” the farmers are granted with the chance of purchasing agricultural engineering by unprecedented terms and conditions.
The economic entities can purchase different trademarks of tractors, collector-pressers, tractor seeding machines, ploughs, croppers, potato planters, potato diggers, cultivators, rotary tillers and spraying machines.
Lease terms and conditions on agricultural equipment are as follows:
- Annual Percentage Rate – 2%,
- Financing Currency – AMD,
- Advance Payment – 20% out of the property cost,
- Redemption Period – 3-6 years dependent on the type of technique,
- The insurance of the property is completed by ACBA LEASING.
Purchase of agricultural equipment under such kind of terms and conditions is a real investment for farmers and will further the development of their businesses.