1. How long does it take to process the loan? 

 

If all documents / info is received, it takes 4 to 6 weeks. 

 

 

2. What are the qualifying criteria? 

 

• Be a South African 

 

• Clean credit record 

 

• Have enough security equivalent to the amount borrowed 

 

• There must be a positive repayment or affordability

 

 

3. Do I have to pay deposit if I want to buy a farm? 

 

Yes a deposit is required. If you buy machinery/ equipment, tractors, bakkies or any 

movables assets, we finance 100% if it’s brand new and 80% if it’s second hand. 

 

 

4. Do you assist farmers who are blacklisted? 

 

Yes, only if they have proof that debt was settled or it there are arrangements with the 

creditor in place. 

 

 

5. How long does it take to repay the long; medium and short term loans? 

 

• Short term 1 to 3 years 

 

• Medium term 3 to 12 years 

 

• Long term 12 to 25 years 

 

 

6. Does the Land Bank assist with drafting business plans? 

 

No, but we do have a user friendly Business plan template that we offer to farmers. 

 

 

7. What are your interest rates? 

 

Our interest rate varies from client to client. There are couple of components that build to an interest rate offered to our clients.

 

 

8. Do you assist with training the farmers after the loan has been disbursed? 

 

No, however, we recommend that they use our sister departments (ARC and Department of 

Agriculture) who offer these service to farmers.