Fully invested

New HOLLAND TM 165

Raised:
16 000.00 €
Goal:
16 000.00 €
Interest
11.2 % - 13.1 %
Goal
16 000.00 €
LTV
58%
Loan period
24 Months
Risk class
C
Loan type
Loan for purchase
Investors
52
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Introduction

Andrius Subačius is a second-generation farmer, who took over the family business in 2009. Since then, he expanded his farm into a business cultivating more than 70 hectares of agricultural land that he owns and renting 30 more hectares of arable land. In more than 100 hectares he is running a mixed farm of grain field and 40 animals, mainly cows.  

 To take better care of his farm, Andrius is seeking to get a loan of 16.000 Eur. The money will be used to acquire a tractor "New Holland TM165“ for 20.500 Eur. To get this chattel mortgage Andrius is using this tractor and the tractor he currently owns ("Ford NH 8210” made in 1985) as collateral. Upon request, experts made an evaluation of the tractor and valued it at 7.000 Eur. We would like to highlight that formal property evaluation has not been made for this tractor due to low economic value. 


Interest rates:


  • Investing from 100 € - interest 11.2%
  • Investing from 1.000 € - interest 11,5%
  • Investing from 5.000 € - interest 12,5%
  • Investing from 10.000 € - interest 13,1%

At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)


Purpose of the loan


To purchase New Holland TM 165 tractor manufactured in year 2002.


Project investment return and interest payment


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-07-09
  • End date of the financing period: 2020-07-23, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 11.2% to 13,1%.
  • Loan term: 24 months
  • Interest on the loan amount is calculated from the date (inclusive) on which the loan amount is paid into the beneficiary's account.
  • Interest is paid monthly and the first interest payment is made one month after the loan disbursement date.
  • Principal will be paid in the end of the loan term.





Detailed Information

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Project owner

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Project risks

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Documents

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Investments

No investments found.

Calculate investment

Amount
100
100
16000
100
Interest
%
11.2
11.2
15.2
11.2
With this project in one month I will earn
0 €
After 12 months I will earn
0 €
After 24 months i will earn
0 €
Platform fee
0 €

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