Loans

Agric Loan

At South Akim Rural Bank, we believe in supporting Ghana’s agricultural sector by empowering farmers, agribusinesses, and cooperatives with the funding they need to grow. Whether you’re cultivating crops, rearing livestock, or managing an agro processing business, our Agric Loan is tailored to meet your needs.

How to Get Started?

Steps needed to complete the process.

1

Apply

Required to write an application letter.
2

Verify Your ID

Come along with your Ghana ID card.
3

Enjoy!

Confirm the details, submit and you're done.
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Get an Agric Loan Today!

An Agric Loan is a special type of credit facility designed to support farmers, agribusinesses, and individuals engaged in agricultural activities. Its main purpose is to provide timely funds to improve farming operations and increase productivity.

  • Finance the purchase of farm inputs (seeds, fertilizers, pesticides, tools, etc.).
  • Support crop and livestock farming.
  • Provide working capital for agro-processing and related activities.
Explore Select and Cover

Take a Closer Look

  • Overdrafts & Loan Facilities SARB Agric Loans are designed to support farming activities such as crop production, livestock rearing, purchase of equipment, irrigation, agro-processing or marketing of produce.
  • Loyal Customer Applicant should be a customer and operate an active account for a period not less than six (6) months.
  • Guarantors An applicant should provide at least two (2) Guarantors who are customers of the bank.
  • Collateral Applicants can use a landed property and cash lien of 25% - 30% to secure their loan.
  • Equity Applicant will need to provide at least 20% equity contribution.
  • Payment Duration Repayment are on monthly basis and not exceed twelve (12) months.
Have Any Quastions?

Top Questions People Ask Us

Got a question about how we’re organised, or looking for financial or shareholder information? View more Q&A here

What is the difference between a savings and a current account?

A savings account is designed for saving money and earns interest. A current account is for daily transactions and may not earn interest.

How do I open a bank account?

You usually need valid ID, proof of address, and a minimum deposit. Visit any branch of South Akim Rural Bank Plc.

What is a bank statement?

A bank statement is a summary of all your account transactions over a certain period, usually monthly.

How do I update my personal information?

Visit a branch with valid ID for update.

What is KYC (Know Your Customer)?

A regulatory requirement where banks verify the identity and address of customers to prevent fraud and money laundering.

What types of loans do banks offer?

Agric loan, salary advance loan, salaried workers loan, commercial loan.

Still have questions about services?

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