Anticipate your CAP subsidies
Finance your campaign expenses
Cover your agricultural insurance
Advantages that drive your day-to-day
The Agro Financing Line offers you benefits specially designed for you.
- Faster processing and availability of funds
- Single notarial intervention (if applicable) for different purposes
- Greater adaptability to any seasonality resulting from your crop or activity
For your convenience
With interest and no fees: cost structure based on interest on the amount used, with no opening fee. In other words, you won’t have to pay anything for the line of credit, only for the money you actually use at any given time.(3)
There are other types of financing available; please consult your advisor at your nearest branch.
(1) The granting of financing is in any case subject to prior risk analysis by ABANCA.
(2) Insurance must be distributed by ABANCA Mediación Operador de Banca-Seguros Vinculado S.L. Insurance broker: ABANCA Mediación Operador de Banca-Seguros Vinculado S.L., tied bancassurance operator, with registered office at Avenida de la Mariña No. 1, 4th floor, A Coruña, registered in the Commercial Registry of A Coruña, volume 3321, page 64, sheet C-38698 and in the Register of Insurance Distributors of the Directorate-General for Insurance and Pension Funds under number OV-0044, with tax ID B-70049630 and with the civil liability insurance and financial capacity required by current insurance distribution regulations. Insurance companies: ABANCA Seguros Generales, Allianz, AXA, CASER, FIATC, Fidelidade, Generali, Helvetia, MAPFRE, Plus Ultra Seguros, REALE, Zurich. Check insurers at abanca.com/mediador. You can obtain information about the conditions at any ABANCA branch.
(3) Assumptions for the calculation of the APR (5.42%): credit limit amount considered to be fully drawn at the time of formalization on the 1st day of the current month and repaid over the 3 months following the drawdown, through the payment of 3 fixed monthly installments of principal and interest: €10,000.00. Total credit term 12 months. Repayment period for the drawdown: 3 months. NIR: 5.3%. Opening fee: €0. Total amount owed: €10,088.47. Total cost of credit: €88.47. Interest: €88.47. Principal and interest installments: first payment: €3,318.65, second payment: €3,333.31, and a final payment of €3,348.04. The availability fee is expressly excluded from the calculation because it does not exist. We have assumed that the rates, fees, and expenses remain unchanged throughout the term of the contract at the level set in the initial period.
