Farm Finance
Farm Finance
For a €20,000.00, 5 year variable interest rate loan, with monthly repayments of €392, an interest rate of 6.55%, a representative APR of 6.75%; the total amount payable by the member is €23,502. Information correct as at 28/02/2024.
Benefits
A loan specifically Designed for Farmers which provides short to medium term loan opportunities built specifically around the growing needs of our farming members.
No Hidden Fees or transaction charges.
Our special Cultivate loan rate is 6.55% (APR6.75%).
Your loan is insured (subject to terms and conditions) at no additional cost to you.
You can pay off the loan earlier, make lump sum payments with no penalty.
Easy loan process with quick decisions loan interest rebate.
Check out our loan calculator
See how you can benefit from our Cultivate Loan
Maximum Loan Term :
6.75%
6.75%
6.75%
Did you know we offer loan repayment protection? <a href="loans/loan-repayment-protection">Click here for more info</a> This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors.<br>Loans are subject to approval. Terms and Conditions Apply. If you do not meet the agreed repayments your account will fall into arrears. This may affect your ability to access credit in the future. Arklow Credit Union is regulated by the Central Bank of Ireland.
Documents Needed
- 3-12 months up to date personal bank statements
- 3-12 months up to date business bank statements
- 3 months credit card statements (if applicable)
- Evidence of any non-farming income
- Evidence of any direct payments
- Most recent set of accounts certified by an accountant
- Tax Clearance Certificate
- Revenue Notice of Assessment
- Confirmation from DAFM of approval of TAMS grant
- Last milk statement for previous year (dairy farmers)
