Cropping and Plantation Loan

A great value housing loan for all your property needs

What is a Cropping/Plantation loan?

Cropping/Plantation Loans are made for the lending of mainly small amounts for land and crop developments. We will spend time with you to, providing careful guidance to support your loan appraisal and project supervision.

Why go with us?

Tonga Development Bank’s Cropping and Plantation loan has:

From

8.00% pa

interest rate

Cropping and Plantation
Features
SecurityAll items owned by the borrower. The BSV to be equal or more than 1.0x with mortgage of 1.5x without mortgage
TermFor $5,000 48 months
Repayment Percentage Salary DeductionBy cash though Salary Deduction is preferable. Normally, 50% salary allowed for repayment of loan, 60% can be considered dependi
FeesCan be charged to account.
DisbursementMust be paid according to approved development plan stated in loan agreement
Rates
CRR A8.50% pa
CRR B9.00% pa
CRR C10.00% pa

Applicants considered under this Sector should: