Agriculture Financing
DIBPL’s Agriculture Financing is an unprecedented and novel solution for a farmers and corporations to meet their needs for growing, improving and enhancing their Agri business. With a diverse portfolio of a strong 8 products is that it comprehensively covers the smallest financing need to the most complex one that any customer may have. The breadth of this portfolio is as broad as one can imagine enabling everyone to meet their needs expeditiously. DIBPL’s Agri Finance is simple to apply for making it one of the easiest repayment products available within DIBPL. and repayment is easier as compared to other products. State Bank of Pakistan shelters the poorest of poor through Agri Financing schemes to propel the poor forward as well as safeguard the Agrarian culture of our beloved country, Pakistan.
Why Choose DIBPL?
- Most attractive Takaful rates in the industry with complete coverage of loss
- Leanest pricing
- Quickest turnaround time
- Flexibility in product structures
- Thorough explanation of details of the financing cycle, documentation and process
DOCUMENTATION:
Pre-Approval
- Finance application form.
- Three Photos.
- CNIC of customer
- CNIC of 2 Guarantors/ References
- Copy of Agri. Pass Book.
- Genuineness certificate of APB.
- Updated Zarie Pass Book and/ or other property documents relating title etc
- Khasra Gardawri/ Field book/ DAH form VII / Land Revenue tax receipt (For farm credit only)
- 3 years ASV (Average Sales value) from revenue office / FSV through the Bank’s approved evaluators
- Feasibility report in case of project finance
DUBAI ISLAMIC BANK’S AGRI FAQs
Agri Finance made easy for everyone.
WHAT ARE STANDARD FEATURES OF DIBPL’S AGRI PRODUCTS?
TENORS:
- SHORT TERM-1 YEAR
- MEDIUM-TERM: 2-3 YEARS
- LONG-TERM: 4-10 YEARS
SECURITY:
- PASSBOOK-20% margin
- PGs of owner(s)/directors
- Mortgage of rural property (50% margin)
- Liquid Securities-Lien marking on bank account deposit/other deposit
- Other Security-DIBPL’S CERTIFICATES OF INVESTMENT/ Hypothecation
BORROWER TYPE and ELIGIBILITY CRITERIA:
- INDIVIDUAL/PROGRESSIVE FARMER (18-65 YEARS OLD)
- CORPORATION
- PAKISTANI NATIONAL
TERMS AND CONDITIONS:
- The applicant shall be a genuine farmer/ engaged in farm and non-farm activities
- The applicant’s name shall appear in the revenue records (In case of farm credit only)
- The applicant shall not be a defaulter of the banking system
- The applicant shall be able to produce proper securities / sureties
- The applicant (individual and /or business entity) shall be a Pakistani/registered in Pakistan
WHAT ARE THE QUICK PROCESSING DOCUMENTS REQUIRED?
Pre-Approval
- Finance application form.
- Three Photos.
- CNIC of customer
- CNIC of 2 Guarantors/ References
- Copy of Agri. Pass Book.
- Genuineness certificate of APB.
- Updated Zarie Pass Book and/ or other property documents relating title etc
- Khasra Gardawri/ Field book/ DAH form VII / Land Revenue tax receipt (For farm credit only)
- 3 years ASV (Average Sales value) from revenue office / FSV through the Bank’s approved evaluators
- Feasibility report in case of project finance
AGRICULTURE CREDIT DEPARTMENT-ALIZEH TARIQ 2
- Form VII-B of land
- ECIB of customer
Post- Approval
- Facility Accepting Letter.
- IB-7 cum set of Shariah agreement.
- Charge Creation Certificate with copy of Form-VII.
- Mortgage deed of urban and rural property & other collaterals.
- Scanned copy of form VII-B (computerized) by BOR after 30 days of finance disbursement.
WHAT IS THE PAYMENT FREQUENCY FOR OUR PRODUCTS?
- MONTHLY
- QUARTERLY
- HALF-YEARLY
- YEARLY
WHAT ARE SOME OF THE BROAD TYPES OF FINANCING CRITERIA USED BY DIB'S AGRI DIVISION CRITERIA FEATURES OF AGRI FINANCE?
Sector
- Farm Sector (Crops, Orchard and Vegetables)
- Non-Farm Sector ( Live Stock- Poultry, Fisheries, Dairy)
WHAT IS THE PAYMENT FREQUENCY FOR OUR PRODUCTS?
- MONTHLY
- QUARTERLY
- HALF-YEARLY
- YEARLY
What are some of the broad types of financing criteria used by DIB’s Agri Division
CRITERIA | Features OF AGRI FINANCE |
Sector |
• Farm Sector (Crops, Orchard and Vegetables) • Non-Farm Sector ( Live Stock- Poultry, Fisheries, Dairy) |
Purpose |
• Production o Working capital-short term finance • Development |
Term |
• Short term (up to one year) • Medium term (up to 3 years)-Term financing • Long term (up to Ten years)-Term Financing • Seasonal financing |
Sources of funding |
• Informal/non-institutional financing- eg. To commission agents, private money lenders, land lords, relatives, friends, suppliers of inputs and equipment, etc. • Formal/Institutional lending- Governmental/public sector agencies, NGOs, Microfinance/Specialised institutions-commercial banks. |
Nature |
• Funded (term loans, running finance/revolving credit, etc) • Non-funded (LC, LG, SBLC, etc.) |
Security |
• Clean/unsecured financing • Secured financing |
Disbursement |
• Cash • Kind |
Customer |
• Corporate financing • Non-corporate financing (to individuals/FARMERS) |
Types of Borrowers |
• Farmers • Individuals • Fishermen • Fish farmers • Corporate firms, partnerships and individuals • Cooperative societies/self-help groups • Fish catching/ processing /packing companies |
Islamic Financing Products to choose from:
Crop
Livestock
Grower/Value Chain
Tractor
Land
Godown/Cold Storage