Lending Rates
In the National Budget 2010/2011 the Government of Trinidad and Tobago indicated its intention of providing a more holistic financial support to the agricultural sector, in part by reducing the interest rate of the ADB Loans from 6-8% to 3-5%.
|
Loan Amount |
50,000 |
100,000 |
250,000 |
|
Loan Period |
18months |
36months |
60months |
|
Effective rate |
3.5% |
3.5% |
3.5% |
|
Monthly Installments |
$2,923.58 |
$3,069.45 |
$4,896.2 |
|
Loan Amount |
50,000 |
100,000 |
250,000 |
|
Loan Period |
18months |
36months |
60months |
|
Effective rate |
5% |
5% |
5% |
|
Monthly Installments |
$2,986.08 |
$3,194.42 |
$5,209.02 |