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FAQ

Knowledge Bank / FAQ’s

Q: How do I approach NAFA for a loan?

A: You can get in touch with the local NAFA / NIIPL representative or the nearest NIIPL Dealer point. Alternatively you can also get in touch with us by sending an email at customercare@nafa.co.in or directly write to us at: Netafim Agricultural Financing Agency Pvt. Ltd. (NAFA) 1602 & 1603, “The Affaires”, 16th Floor, Plot No: 9, Sector 17, Palm Beach Road, Sanpada Navi Mumbai – 400705, Maharashtra

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Q: What are the Financing Solutions offered by NAFA?

A: NAFA being a captive NBFC of Netafim finances the purchase of Micro Irrigation Systems (MIS) manufactured and/ or supplied by NIIPL. Following are the different Financing Solutions offered by NAFA: - Finance to farmers for purchase of Micro Irrigation Systems (MIS) - Finance to Dealers for purchase of MIS inventory - Finance to farmers for purchase of Drip Irrigation Systems in the catchment of Off-take / buy-back companies / institution

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Q: What are the lending rates?

A: NAFAs current base lending rate varies between 17% to 18% p.a. However, it varies based on the cost of funds, Tenure, Type of Loan & the borrowers risk profile.

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Q: What are the loan tenure options?

A: The loan tenure is based on the cash flow assessment of the prospective borrower and the type of loan applied. However, NAFA endeavours to customize the offering to suit the customers requirement.

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Q: How do I repay my loan?

A: The loan can be repaid through various modes such as Online transfers via ECS, SI, RTGS, NEFT , Account Transfer or Cheque / DD. Alternatively if the loan has been availed under a tie up, the repayments can also be made through the tie up partner.

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Q: Can I foreclose a Loan ? Are there any prepayment charges ?

A: Yes you can foreclose your loan without any prepayment charges.

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Netafim Agricultural Financing Agency Pvt. Ltd., Regd. Office: 1602 & 1603, The Affaires, 16th Floor, Plot no. 9, Opp. Bhumiraj Costarica. Sector 17, Palm Beach Raod, Sanpada, Navi Mumbai – 400 705, CIN:U67190MH2011PTC220358 E-mail: customercare@nafa.co.in Contact No. +91 – 022 6170 7600