Advert Rate and Fees
Qualify for a cash advance of up to N100 million with the first 45,000 000 interest free on all commodities and Farm Implements. To see a complete list of qualifying commodities and Farm Implements. and their corresponding advance rates, please consult the chart below.
Commodity Category Unit of Measure Rate (Naira)
Beans – Other Colored Grains, Oilseeds & Pulse Tonne 21.573,200 (M)
Chickpeas Grains, Oilseeds & Pulse Tonne 26.573,200 (M)
Lentils Grains, Oilseeds & Pulse Tonne 19.573,200 (M)
Feed Grains, Oilseeds & Pulse Tonne 15,978.240 (M)
Seeds Grains, Oilseeds & Pulse Pound 7, 386.255 (M)
Corn Grains, Oilseeds & Pulse Tonne 21.563.300 (M)
Oats Grains, Oilseeds & Pulse Tonne 13.435.342 (M)
Oats Feed Grains, Oilseeds & Pulse Tonne 13.435.342 (M)
Soybeans Grains, Oilseeds & Pulse Tonne 27.935.500 (M)
Sunflower – Non-Oil Grains, Oilseeds & Pulse Tonne 21.553.800 (M)
Mustard Grains, Oilseeds & Pulse Tonne 11.353.423 (M)
Beans – White Grains, Oilseeds & Pulse Tonne 13.750.767 (M)
Wheat Grains, Oilseeds & Pulse Tonne 28.999.999 (M)
Wheat – Feed Grains, Oilseeds & Pulse Tonne 28.999.999 (M)
Bull – Breeding – Livestock Head 17.545.350 (M)
Mature – More than 2 yrs
Bull – Breeding –
Yearling – Less than 2 yrs Livestock Head 15,565,350 (M)
Farm Implements Farm Equipment Tool 43,999.900 (M)
FINANCIAL TERMS
Initial application fee – 0 Naira
Subsequent application fees – 0 Naira.
Interest Charge – Advances over N50 Million are subject to interest at the NAAD Rate – 0.75%.
Default Interest Spread (Pre-Default Date) – Loans in default status prior to the default date are charged at an interest rate of Prime + 1%
Default Interest Spread (Post-Default Date) – Loans in default status after the default date are charged at an interest rate of Prime + 3%
Repayment of loans without providing a Proof of Sale are charged at an interest rate of Prime – 0.25%
