Cultivate Loan
- 6.55% (6.75% APR*)
- Borrow up to €50,000
- Whatever your needs
Farm Loans for You
Cultivate is a collaboration of Credit Unions throughout Ireland to provide quick and easy access to farm finance. It provides short to medium term loans designed to meet the needs of the farming community.
- 6.55% (6.75% APR*)
- Borrow up to €50,000
- Maximum term of 7 years
- Injection of cashflow
- Increase working capital
Whatever your needs
Whatever your needs are, our Cultivate Loan is here to help you.
- Invest in new or second-hand machinery
- Upgrade your buildings and facilities
- Purchase additional livestock
- Increase working capital
- Injection of cashflow
- Maximum Term is 7 years.
- Maximum amount €50,000.
- Quotation may be required for work/items to be purchased.
- Farm accounts will need to be provided.
- Repayments can be scheduled to suit farm income.
- Loan rate of 6.55%. (6.75% APR)
Further Information:
Loan Repayment Table
Amount
APR*
Term
Number of
RepaymentsMonthly
RepaymentsCost of Loan
Total Loan
Repayable€5,000 6.75% 2 Years 24 €222.78 €346.52 €5,346.52 €7,000 6.75% 3 Years 36 €214.59 €724.96 €7,724.96 €10,000 6.75% 5 Years 60 €195.71 €1,741.87 €11,741.87 €15,000 6.75% 5 Years 60 €293.56 €2,612.86 €17,216.86 €20,000 6.75% 5 Years 60 €391.42 €3,483.74 €23,483.74 €25,000 6.75% 7 Years 84 €371.33 €6,189.35 €31,189.35 €30,000 6.75% 7 Years 84 €445.60 €7,427.14 €37,427.14 €40,000 6.75% 7 Years 84 €594.13 €9,902.92 €49,902.92 €50,000 6.75% 7 Years 84 €742.66 €12,378.71 €62,378.71 Representative example as at March 2021. Typical APR Variable Cultivate Loan Rate (6.75% APR). Lending terms and conditions apply. Loans are subject to approval. Table is for illustration only and does not constitute a contract.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may effect your credit rating which may limit your ability to access credit in the future.
Cultivate Loan Terms & Conditions
- Maximum loan amount is €50,000.
- Loans are subject to approval. Terms and conditions apply. 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. Credit unions in the Republic of Ireland are regulated by the Central Bank of Ireland.
Download Cultivate Loan PDF Information Leaflets
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Information Leaflet Full BrochureDownload a PDF Information Leaflet
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