Unicaja Banco, on the occasion of the start of the agricultural season 2022-2023, has launched its new campaign ‘Intensive Crops’, with which the bank reaffirms one more year its long-standing support to the agricultural sector, offering €653 million in its pre-approved loan line targeted to the fruit and vegetable sector, with advantageous financial conditions.
This way, under the Intensive Crops campaign, Unicaja Banco offers its traditional facility of pre-approved loans to its farming customers, for a total amount of €575 million, to cover the expenses arising from the agricultural season. The bank adds again the 5-year pre-approved loan facility for the modernization and improvement of intensive crop farms, for a total amount of €78 million.
The pre-approved loans stand out for the agility in their granting, and allow the bank to meet the financing needs of farmers, for them to have quick and easy access to the pre-approved amount for the investments and expenses required at the beginning of the season. The granting of the offered financing is subject to the bank’s criterion and will be applied according to the crop type and surface.
The campaign, especially designed for this group of customer, will be in force until April 2023 and it should be highlighted that the loan capital and interests are repaid upon maturity. This allows clients to adapt the said maturity to the date on which they receive payment for the harvest.
The bank continues to use new technologies, such as a virtual assistant (chatbot), to provide its customers with a customised financing offering. This way, customers can adapt the offering to their specific needs from any device and at any time.
Financing for intensive agriculture
The new campaign includes other financing modalities adapted to the needs of those developing their activities in the field of intensive crops. In this line, Unicaja Banco offers loans of up to 12 and 6 months, as well as other specific financial products such as Univerde Card, which gives users the possibility to defer payments until the end of the campaign, allowing them to choose the payment modality that best suits their needs.
This campaign, designed to cover the particular needs of the fruit and vegetable sector, with special focus on greenhouse farming, is especially relevant in certain areas of Andalusia. It intends to cover the funding needs both for the purchase of supplies and for the acquisition of technology or improvements in irrigation structures and systems.
Unicaja Banco continues to be a financial institution that provides great support to agriculture. This support is reflected in the ongoing adaptation of its products to the needs of farmers and companies of the sector (fruit and vegetable traders, supplies, plastics and other ancillary industries), with the creation of a wide range of specialized financial products and services with interesting conditions, covering intensive crops, arable crops, olive grove, industrial crops, vineyards or livestock crops, as well as agri-food industry and trading companies.
Comprehensive offering
Unicaja Banco’s offering for the 2021-2022 Intensive Crops campaign includes products and services such as the general campaign, which puts at the disposal of users a specific financing facility, with 12-months and 6-month loans, to cover the expenses arising from the intensive crop campaign.
Likewise, in this campaign, the bank allocates €575 million to the line of pre-approved loans for customers of the fruit and vegetable sector. In addition to those loans, the bank offers €78 million in pre-approved credits with a determined amount, for investments for the modernization and improvement of intensive crop farms.
The campaign also features a broad range of specific agricultural insurance for the fruit and vegetable sector, (insurance of greenhouse surface, insurance of greenhouse structures, etc.). In order to facilitate their subscription, the bank offers loans to finance the insurance premium under advantageous terms, with rebates in the opening fee in case of subscription, depending on customer loyalty.
Unicaja Banco offers as well the Univerde Card**, a professional card for farmers to be used exclusively in the stores attached to the Univerde agreement (more than 600 shops) and which offers the possibility to defer payments until the end of the campaign and to choose among a wide range of different payment modalities.
Finally, there is available a financing facility** for the acquisition and improvements in greenhouses, to acquire new plastics for the campaign, to install drip irrigation, etc. These loans are especially designed to meet the investment needs, adapting their repayment and frequency of settlements to the specific needs of customers.
*Concesión sujeta a criterio de la entidad
** Más información en:
https://www.unicajabanco.es/es/sector-agrario/financiacion/cultivos-intensivos
https://www.unicajabanco.es/es/sector-agrario/seguros
https://www.unicajabanco.es/es/sector-agrario/tesoreria/tarjeta-univerde
***Seguros Agrarios y Seguros Agrocaser Explotaciones Agropecuarias contratados con CASER Grupo Asegurador, a través de Unimediación, S.L.U., operador de banca-seguros vinculado, inscrito en el Registro Administrativo Especial de Distribuidores de Seguros de la Dirección General de Seguros y Fondos de Pensiones con nº inscripción OV-0010, actuando a través de la red de Unicaja Banco, S.A. Concertado seguro de responsabilidad civil de acuerdo a la legislación vigente. Puede consultar las compañías aseguradoras con las que Unimediación S.L.U. tiene concertado contrato en www.unicajabanco.es/seguros
