Agri Loan
Fuel your farm’s growth with our flexible agri loans
Our Agri Loan provides short to medium term loan opportunities built specifically around the growing needs of our farming members.
Whether you’re expanding operations, upgrading equipment, or managing seasonal expenses, our Agri Loans are designed with farmers in mind.
Affordable loans to help your farm thrive
💫 Flexibility built-in
Your loan repayments can be tailored to suit your needs, and you can arrange to make monthly, quarterly, half-yearly or annual repayments.
🤝 Competitive Terms
Borrow up to €75,000 over a maximum term of 15 years. The interest rate on this loan is 6.55% (6.75% APR).
🤝 No prepayment penalties
You can make lump-sum or regular extra payments. We won't charge any penalties if you pay off your loan earlier than the originally agreed term.
🌱 Local, personal decisions
We assess each application individually, carefully, and fairly. Our goal is to lend responsibly and to ensure that repayments are affordable for you.
When your farm grows, your community grows too.
Invest in new or second hand machinery.
Upgrade your building and facilities.
Purchase additional livestock.
Obtain working capital and increase cash flow.
Calculate your repayments
Maximum Loan Term :
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. Whilst every care has been made in the production of information, People First Credit Union, or any of its staff, cannot be held responsible for any errors. This calculator only provides an indicative quote and actual repayments may vary. 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 and this may affect your credit rating which may limit your ability to access credit in the future.
Representative Example: If you borrow €40,000 over 7 years (84 months), the interest rate is 6.55% per annum (6.75% Representative APR), your monthly repayment would be €595, and the total amount repayable would be €49,979.
Terms and Features
Loan Amount and Term
- Maximum loan amount: €75,000
- Maximum loan term: 15 years
- Your application will be assessed on your capacity to meet the repayments.
- The interest rate on this loan is 6.55% (6.75% APR)
Required Documents
- The main requirements are bank statements, set of accounts, and Form 11/Chapter 4 tax clearance.
- Further documentation will be required depending on the loan, and your Loan Officer will advise you of this at the start of the process/.
Eligibility
- You must be aged over 18
- You must have a minimum of €20 in your savings
- Your farm must be located within our common bond
Ready to go?
Fill out this short form and our loans team will be in touch.
Frequently Asked Questions
Everything you need to know before you apply.
- Two years financial accounts (the most recent available)
- Recent Revenue Chapter 4/Form 11 self-assessment form
- 3-6 months personal bank statements
- 3-6 months business bank statements
- 2 payslips (if applicable)
- Evidence of any non-business income
- Tax clearance certificate (or letter from accountant confirming tax affairs in order)
- Statement of direct payments for previous year
- Final milk statement for previous year
- Business plan (for amounts greater than €25,000)
- Any other supporting documentation which may assist in your loan application
We want your loan application process to be as simple as possible. There are four ways to apply for a loan.
- Apply through our mobile app
- Apply through our website
- Apply over the phone
- Apply in any of our branches (no appointment needed)
Click here to get started.
Right away!
Once you have €20 in your shares, you can apply for a loan.
No, you don't need to make an appointment for a loan application!
Our four branches have full-time lenders available to speak with. Loan office opening hours are slightly different from the office hours, see here for more information.
Yes.
The loan officer will assess the application in the same way as a new loan application. There are limits on how many top-ups you can receive in a specific time period, and the lender will advise you if we are unable to approve your top-up loan application due to these limits.
Every loan application is assessed carefully and fairly. Our goal is to lend responsibly and to ensure that repayments are affordable for you. When reviewing your application, we look at:
- Repayment capacity: We consider your income and expenses to make sure the loan can be comfortably repaid.
- Credit history: We may use the Central Credit Register to review your history on loans you’ve taken with other financial institutions.
- Savings and account activity: Your relationship with the credit union, including savings history, can help us understand your financial habits.
- Purpose of the loan: Understanding what the loan is for helps us tailor the product to your needs.
We assess each application individually, not by automated scoring alone. Our focus is on supporting members while ensuring loans are granted in a sustainable way.
There are no penalties for early repayment, and we encourage members to talk to us if their circumstances change. This approach ensures we lend in a way that is fair, transparent, and aligned with our members’ best interests.
Yes. You can pay your loan early with no penalties or fees.
People First Credit Union is regulated by the Central Bank of Ireland.
Lending criteria, terms and conditions apply. Applicants must be over 18 and resident in the Republic of Ireland. Loan approval is subject to a satisfactory assessment of suitability and affordability.
| WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future. |
