Novofarm

Novofarm was the first company in Ukraine to receive the status of official distributor of Case IH agricultural machinery. Since then, the company has been operating successfully in the Ukrainian market. Novofarm’s assets include 16 regional representative offices, 4 service centres, 13 storehouses for spare parts and one of the largest technical bases in the Poltava area of Ukraine.

Official site: http://novo-farm.com.ua/

Individual lending conditions – Case IH

Individual conditions are only applied for purchasing Case IH machinery.

New machinery Down payment Interest rate
Up to 12 months 13-24 months 25-36 months 37-60 months
All machines 0%* 13.00% 13.50% 13.75% 14.00%
20% 12.50% 13.25% 13.50% 14.00%
30% 12.25% 13.00% 13.25% 13.75%
50% 11.25% 12.25% 12.75% 13.25%
Loan amount From UAH 2,000,000
Term Up to 60 months
One-time activation fee 1% of the loan amount
One-time extract fee UAH 500
Insurance According to the decision of credit committee
Early loan repayment fee N/A
Notarial expenses for pledge contract N/A
Collateral Vehicles to be purchased
Loan approval time From 3 to 10 days
Repayment form Interest – every month/quarter**
Principal – seasonal schedule
Eligible clients Legal entities, entrepreneurs

* Without down payment for loans up to UAH 7,000,000 and with a term up to 36 months or if covered by additional collateral (vehicles, deposit, equipment)
** In case the quarterly repayment schedule the interest rate increases by 1%

Additional advantages:

  • Grace period on first principal payment of up to 11 months
  • Credit limit established for every client
  • Individual approach toward every business based on client’s situation
  • Professional team, experienced in working with agricultural producers

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Updated on 05.01.2018 17:42:03
Created by Boldendeavours
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