A Special Advanced for Fixed Deposits is aimed at providing financial advance to customers who hold fixed deposit accounts to finance agriculture-related projects.

Eligibility

• This facility is only open to individuals or a group of individuals or organisations who have Fixed Deposits accounts at Agrobank under the name of the relevant customers.

Types of Fixed Deposits

• This advance facility is for all types of Fixed Deposits whether conventional or Islamic opened at Agrobank.

Total advance

• The maximum advance is 90% of the value of the Fixed Deposit.

Period of facility

• The period of the facility shall not exceed the maturity date of the Fixed Deposit, or not more than 12 months, whichever comes first.

Interest

• A 1% interest is levied above the Base Lending Rate (KABP).

Repayment Period

• Customers can repay the advance in instalments or in a lump sum before the maturity date.