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Home | Agribusiness | Agribusiness Borrow

If you miss the sowing, you miss the harvest, we get that.

As an Agri and Business Banking specialist, we understand that the rhythms in farming are very different to that of a commercial business. Talk to your Relationship Manager about what you need to sow today, for the harvest tomorrow.

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Financing your working capital and capital expenditure

We have suitable customised funding solutions for your secondary agriculture business from working capital finance for debtors and inventory to capital expenditure for expansion. We focus to find a sustainable solution to maximize your liquidity through trading and seasonal cycles.

Keeping your farm moving, growing and sowing.

We get that no two farms are alike, which is why our Relationship Managers travel every country road to find flexible solutions to suit you and ensure the long term growth of your farm. Anything you need from a tractor to a tank, we finance for instalment sales and lease agreements. Let’s talk to see how we can keep your wheels turning.

Every dream has a blueprint.

From secondary agricultural to retail, commercial or industrial space, whether it’s to extend, alter, refinance or purchase, our market-leading expertise can help you make the right decision for your farm, family and financial position.

Access:

  • A medium and long-term repayment programme for revenue generating or owner-occupied properties.
  • Individually structured repayment plans.
  • Finance and an overdraft to meet your short-term working capital requirements and support awaiting rentals.

The complete cost of a property acquisition:

It’s important to be aware of the holistic costs involved in any property acquisition whether it’s agricultural, residential or commercial.

Deposit

If you only qualify for a percentage of the required loan, you’ll need to provide a deposit. Interest may be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. A deposit is equity that you introduce and this amount is stated in the Offer to Purchase.

Transfer Fees

Includes “transfer duty” payable to the receiver of revenue, as well as a “deeds office fee” and “administrative fee” payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee are however payable on a VAT transaction.

Property Registration Costs

This fee is payable by you (the purchaser of a property) to a conveyancer (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee

A bank appointed panel of assessors will carry out a valuation and this fee is charged by and is payable to the assessor.

Home is the heartland.

Our property specialists boast more than 60 years in mortgage and property financing. Together we can use our expertise and your vision to structure a deal to finance a property you can call home, additionally invest in or leverage as collateral. Whatever your long term goal, we can help your portfolio take root and flourish.

Access:

  • A finance facility.
  • A twenty-year mortgage period (or shorter should you elect to).
  • Highly competitive interest rates that are calculated daily and charged monthly.

The complete cost of a property acquisition:

It’s important to be aware of the holistic costs involved in any property acquisition whether it’s agricultural, residential or commercial.

Deposit

If you only qualify for a percentage of the required loan, you’ll need to provide a deposit. Interest may be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. A deposit is equity that you introduce and this amount is stated in the Offer to Purchase.

Transfer Fees

Includes “transfer duty” payable to the receiver of revenue, as well as a “deeds office fee” and “administrative fee” payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee are however payable on a VAT transaction.

Property Registration Costs

This fee is payable by you (the purchaser of a property) to a conveyancer (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee

A bank appointed panel of assessors will carry out a valuation and this fee is charged by and is payable to the assessor.

Tell us what your Agribusiness needs.

Grobank’s balance of agricultural and financial expertise is what allows us to help you grow a successful Agribusiness.
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