Borrow up to €300,000 from 5.25%

Securing finance to invest in your farm’s future can sometimes be a difficult affair but First Choice Credit Union is now making it easier for farmers to access finance with rates from 5.25%* (5.38% Typical APR). This specialist financing option offers farmers secured loans of up to €300,000 at 5.25% which can be repaid over a period of up to 30 years, depending on what the borrowing is for. Additionally, First Choice Credit Union also offer unsecured loans up to €75,000 at 6.55%** (6.75% Typical APR). This option can be repaid over a period of up to 10 years, depending on what the borrowing is for. 

As a farmer-friendly finance option, repayments offer the flexibility to repay at times that make sense for the individual farmer and there is no need to be an existing Credit Union member. Farmers can join online here: JOIN or in their local First Choice Credit Union office and be eligible to apply for a Cultivate Agri loan.

First Choice Credit Union Cultivate Agri loans are available for land or property purchase, farm vehicle and machinery purchases, annual overhead expenses, working capital or cattle system investments, premises expenditure, refinancing of existing farm debt or other agricultural activities.

For more information click here: CULTIVATE, call 094 9022969 or email loans@fccu.ie.

*For a €200,000, 25-year variable rate loan with 300 monthly repayments of €1,198.62, an interest rate of 5.25%, an APR (Annual Percentage Rate) of 5.38%, the total amount payable by the member is €359,546.65. Information correct as at 28/3/2024.

** For a €40,000, 10-year variable rate loan with 120 monthly repayments of €455.25, an interest rate of 6.55%, an APR (Annual Percentage Rate) of 6.75%, the total amount payable by the member is €54,628.24. Information correct as at 28/3/2024.

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.

Warning: The cost of your repayments may increase.

Loans are subject to approval. Terms and conditions apply. First Choice Credit Union Limited is regulated by the Central Bank of Ireland.