Securing the 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 much needed finance at a rate of 6.50% (6.70% Typical APR). This specialist financing option offers farmers unsecured loans of up to €80,000 which can be repaid over a period of up to ten 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 or in their local Credit Union office in Achill, Balla, Ballyhaunis or Castlebar and be eligible to apply for an Agri loan at 6.50% immediately.

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

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

For a €40,000, 10 year variable rate loan with 120 monthly repayments of €454.25, an interest rate of 6.50%, an annual percentage rate of 6.70%, the total amount payable by the member is €54,507.23.