FAQ

Frequently Asked Questions

Everything you need to know about leasing equipment with AgLeaseCo.

What is agricultural leasing?

Agricultural leasing lets you access equipment — tractors, irrigation systems, harvesters, and more — by paying for its use over time, rather than paying the full purchase price upfront. AgLeaseCo owns the equipment during the lease term; you use it on your farm.

Buying equipment outright ties up capital that could otherwise go into inputs, labour, land, or expansion. Leasing lets you access productive equipment immediately while spreading the cost over a term matched to your income cycle — keeping your cash free for the rest of your business.

Equipment across the full agricultural value chain — irrigation, land preparation, sowing and planting, weeding and crop care, harvesting and threshing, and storage.Click here to browse our available equipment

Farmers and agri-businesses operating in Zambia.

A minimum down payment of 25% of the equipment price is required.

Lease terms (tenors) range from 2 to 5 years, depending on the equipment and your circumstances.

You can repay monthly, quarterly, semi-annually, annually, or on a seasonal schedule structured around your harvest cycle.

Rates are charged on a reducing balance and vary depending on your lease amount, generally between 30% and 39% per annum. Your exact rate is confirmed during your application.

Yes, an arrangement/processing fee applies, based on the size of your lease. This is confirmed as part of your application, before you commit to a lease.

Yes — insurance is required for tractors, trailers, and 2-wheel tractors (2WT).

No additional collateral is required beyond the leased equipment itself.

The minimum lease amount is the equivalent of USD 5,000, calculated at the current exchange rate.

Yes. You can settle your lease early by paying the remaining balance, less future interest.

If you're at risk of missing a payment, contact AgLeaseCo as early as possible so we can work with you. Continued non-payment can lead to repossession of the equipment, as set out in your lease agreement.

Applying takes two steps.
Step 1: Fill in the Apply Now form on this website. It takes a few minutes. You will be asked for:
• Your name as on your NRC, phone number, province, district and village or area
• Your type of farming or business, how many years you have been operating, and your farm size in hectares
• The equipment you want, the supplier or model (if you know it) and the quotation amount (if you have one)
• What you will use the equipment for
• Your preferred lease term and payment frequency, and whether you have funds ready for the down payment
An AgLeaseCo officer will then contact you.

Step 2: Send your supporting documents. Documents cannot be attached to the online form, so you will send them separately. Please have these ready:
• A quotation from the supplier for the equipment you want
• Proof of your land: a letter from your chief or traditional leader (customary land), a title deed (titled land) or a rental agreement (rented land)
• Records of your past seasons, such as what you planted, your yields and your sales, if you have them
Our officer will tell you if anything else is needed.

Yes — AgLeaseCo accepts traditional, untitled land; a title deed is not required to apply.

Not at the moment. To qualify, you need at least 3 years of farming experience. We look at how your farm actually performed in past seasons, not projections or future plans.

Approval usually takes 1 to 2 weeks.

Go to our Contact page, choose "Request an equipment quote" and contact our suppliers for a quotation of the type of equipment you need.

We take complaints seriously and want the chance to put things right. You can reach us in any of the following ways:

Your Relationship Manager — raise it with them directly
Head Office — visit or submit your complaint at 31C, DG Office Park, Bishops Road, Kabulonga, Lusaka
Email — customerservice@agleaseco.com
Phone or WhatsApp (complaints only) — +260762030196, during working hours
Facebook — message our Agleaseco page
Our website — use the Contact form and select "Complaint"