Cultivate Loan

6.55% (APR 6.75%)

Agri Loans are available for a variety of farming purposes such as:

  • Stocking - Farm Machinery - Cashflow - General Farm Investment

We promise you a friendly professional service, very competitive rates and an easy loan application process with quick turnaround times. We have a trained and experienced Agri Loans Team who will talk you through the process, provide advice and guidance and present all our options to you.

Your loan repayments can be tailored to suit your needs and we can offer loan protection insurance at no extra cost to qualifying members, which is one of the many Kilrush Credit Union benefits.

Try out our Loan Calculator

Fixed Rate: 6.55% (6.76% APR)
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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.

What do I need to apply?

To assess a Cultivate loan application the following supporting documentation is required:
  • Two years financial accounts (the most recent available)
  • The most recent Revenue chapter 4 self-assessment and Form 11
  • 3-6 months bank statements
  • 2 payslips or evidence of any non-business related income
  • Tax Clearance Certificate / letter from your accountant confirming tax affairs are up to date
  • Statement of direct payments for the previous year
  • Final milk statement for the previous year, if applicable
  • Confirmation of TAMs II approval, if applicable
  • For amounts greater than €25,000 a business plan* must be provided, including projections for 3 years. We will provide you with an electronic business plan to be completed
  • Any other supporting documentation which may assist in your loan application, including evidence of loan purpose
*A comprehensive business plan should include at a minimum:
  • Executive summary
  • A company description
  • Market analysis
  • Current sector/market position
  • Staffing and operations
  • Financial projections including:
    • Key assumptions
    • Profit and loss accounts
    • Balance sheet, and,
    • Cash flow projections for 3 years

Security Policies

Security may be required. Types of security which may be required include the following:

  • A pledge of your shares
  • Guarantor

The type and level of security required will be reasonable and will depend on the level of credit being sought, the term of the credit agreement and the overall level of risk which applies to the credit facility. The level of security sought will have regard to the nature, type and value of the security offered.

Ready to Apply?

Click on "Apply Now" button to start your journey right now or click on "Contact Us" button to send us a message if you are unsure about your documentation, or still have other questions. If you are not a member, join us today!

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Why apply with us?

  • Trained and experienced Agri Loans Team
  • On Farm appointments available
  • Borrow up to €75,000 unsecured
  • Loan term up to 10 years
  • Suitable for all farm types
  • No administration, arrangement or set up fees
  • Loan insurance at no added cost to eligible members
  • No penalties for early repayment
  • Flexible repayment options; including quarterly and yearly to help plan for seasonal expenses
  • 48 hour lending decisions (this can be dependent on the complexity of your application, your dedicated Loans officer will advise you of the expected time frame)

To apply for a Cultivate Loan, you must be a member of Kilrush Credit Union. If you are not already a member, go to the membership page on our website for eligibility criteria or call into your nearest credit union office.

Alternatively, if you are already a member and would like to find out more about our Cultivate Loan, the documents required, the application process or to get started with an application simply make an appointment with the Agri Loans Officer at Kilrush Credit Union.