Société Générale Equipment Finance (SGEF) has achieved this good result thanks to a new product, AGROÚVĚR PGRLF 3+, which helps framers cut the cost of financing new agricultural machinery to the minimum. For the first month of this advantageous loan alone, the company executed deals worth almost CZK 130 million.
AGROÚVĚR PGRLF 3+ is based on the co-operation between Société Générale Equipment Finance and Podpůrný a garanční rolnický a lesnický fond (PGRLF). Clients can obtain a 3% subsidy to the interest rate under PGRLF’s Farmer scheme. Thanks to the new product, AGROÚVĚR PGRLF 3+, SGEF offers up to 3% off the actual amount of the provided loan in compensation for the mandatory 1% increase in the interest rate.