Cultivate Farm Loan

Cultivate is an Agri Lending package that provides short to medium term finance built specifically around the growing needs of our farming members.

What is Cultivate?

New to First Choice Credit Union, a Loan Specifically Designed for Farmers. Cultivate is an initiative of a group of Credit Unions that provides short to medium term loan opportunities built specifically around the growing needs of our farming members. Cultivate is our newest lending product that enables us help our farming members develop and future proof their business by providing quick and easy access to finance – borrow up to €75,000 for up to 7 years at a variable interest rate of 6.55%, typical APR 6.75%.

Invest in new or second-hand machinery.

Upgrade your agri buildings and facilities.

Purchase additional livestock.

Access to working capital.

CULTIVATE LOAN RATE

  • Maximum loan amount: €75,000 (unsecured).
  • Loan Term: 1 – 7 years.
  • Rate: 6.55%
  • APR: 6.75%

Rep example: €30,000 over 5 years with 60 monthly repayments of €587.81, total cost of loan of €35, 266.76.

WHY CHOOSE CULTIVATE

  • Flexible repayments.
  • Loan Protection Insurance provided at no extra cost.  If the borrower dies the loan is cleared (subject to terms and conditions, age and health restrictions).
  • Interest is charged on the reducing balance of the loan.
  • No penalties for early repayment.
  • No transaction, administration or set up costs.

HOW TO ENQUIRE ABOUT A CULTIVATE LOAN

  • Submit an enquiry below.
  • Email: loans@fccu.ie.
  • Call: 094 9022969.
  • Visit any of our offices in:
    • Achill
    • Balla
    • Ballyhaunis 
    • Castlebar
    • Swinford

NOT YET A MEMBER? NOT A PROBLEM…

You can open your account and apply for a Cultivate loan the same day. 

  • Apply for membership online by clicking the button below or call in to any of our offices.
  • Further Cultivate information can be found on: www.cultivate-cu.ie
ONLINE MEMBERSHIP APPLICATION

CULTIVATE LOAN ENQUIRY FORM

    Loan Amount:

    Full Name:

    Email:

    Phone:

    Member account number (if known)?

    Your nearest branch?

    Farmers

    Loans are subject to approval. Terms and conditions apply. If you do not make the repayments on your loan, your loan will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.