1. Agricultural Loan (Cultivate)
Only 6.55% (6.75% APR)
Enfield Credit Union is part of a network of 30 credit unions around Ireland that provide agricultural loans specifically designed for our farming members. Called ‘Cultivate’, it allows farmers to develop their business by providing quick and easy access to loans up to €75,000 at only 6.55% (6.75% APR).
You can use the loan for many purposes, including:
- New or second-hand machinery
- Buildings and facilities
- New livestock
- Working capital
- Cash flow
You can use the loan for many purposes, including:
- New or second-hand machinery
- Buildings and facilities
- New livestock
- Working capital
- Cash flow
Documents required for a Cultivate loan:
- Completed Agri fact find below
- 2 years certified accounts
- Notice of assessment from revenue (form 11/chapter 4)
- Personal statement for the last 3 months
- Farm account statements for the last 6 months
- Statement of direct payments
- Evidence of non-farm income if applicable
- Milk statement for the previous year for dairy farmers
- Confirmation of Tams Grant if applicable
Apply for a Loan today!
Discover our Agricultural Loan
Maximum Loan Term :
6.75%
6.75%
6.75%
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. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Representative Example
Loan amount
€100000
Interest rate - APR
6.75%
Loan term
10 Years
Cost of Credit
€136,538
Monthly repayment
€ 1,138
Total Repayable
€36,538
Warning - If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Loans are subject to approval. Terms and Conditions apply.
Caution - Variable rate loans can lead to fluctuating monthly payments, impacting youroverall budget.
Enfield Credit Union Limited is regulated by the Central Bank of Ireland (No. 343CU) and authorised as an investment business for the provision of investment intermediary services (No. C13889)
How do I Apply?
- Completed Agri fact find below
- 2 years certified accounts
- Notice of assessment from revenue (form 11/chapter 4)
- Personal statement for the last 3 months
- Farm account statements for the last 6 months
- Statement of direct payments
- Evidence of non-farm income if applicable
- Milk statement for the previous year for dairy farmers
- Confirmation of Tams Grant if applicable
NOTE: Additional documentation may be requested depending on your circumstances.
Once your application and supporting documents are submitted, one of our team members will get back to you as soon as possible with an update.
Apply Now Download Agri fact find form
