Not initially but you will be required to move your banking business to FNB
We will require the following to enable us to consider your application:
At any FNB branch throughout Botswana or directly through FNB Agricultural Division.
FNB does not set a prescribed limits on finance applied for, we will consider each and every case on its merit. It must be noted that larger loan applications might take longer to get approved.
The maximum time limit of repayment depends on the finance required, in the event of purchase of farms and ranches the bank will be prepared to consider repayments up to 15 years, all other loans range between 1 to 7 years depending on assets or working capital financed.
Rates depend on your individual risk profile and business plan provided. The interest rates range from prime to prime plus 18%.
We can offer loan moratoriums and structured / scheduled payments to align with the cycle of your Agricultural Business.
Yes. Loans will be considered up to a maximum period of 5 years for a borehole and 5 years for fencing of farm.
Yes, the bank requires that the Assets are adequately insured or insured via suitable security offered. Where insurance is a condition of granting of the loan the cover is to be maintained for the full duration of such loans.
Yes the bank will allow for top-up or restructure and this is available upon application and approval of such requests.
FNBB provides full internet services and we are able to link all your banking business accounts into one easily monitored Internet banking profile enabling you to control your finances and cashflows at the click of a button.
Yes, FNBB offers all the normal banking facilities available to our clients.
Your application will be processed and approved within 14 days of such application, payout will depend on perfection of security offered.
Yes, provided that we have all the facts and figures at hand
Agriculture Business: +267 370 6116
Here are some answers to questions you might have around FNB's Agriculture Solutions.
Do I have to be a First National Bank of Botswana customer to get Agricultural finance?
What is required to apply for Agricultural finance?
Where do I apply?
What is the maximum amount of loan I can apply for?
What is the maximum time limit of repayment of finance?
What is the interest rate payable for loans and finance applied for?
What payment options are available for Agricultural Business loans?
Can I get financing for drilling boreholes and / or fencing my farm?
Must I provide insurance for the assets financed?
Does the bank allow for top-up of loans and restructure of finance?
Can I link in my loans or finance in to existing internet banking held with FNBB?
Am I able to get a Debit Card on my Agricultural Banking account?
How long will it take to obtain approval for finance required?
Will the bank consider takeover of finance from other institutions?