Cultivate Agri Loan

Need farm finance? Cultivate is our loan product specifically designed for farmers.

Cultivate provides short to medium term loan opportunities built specifically around the growing needs of our farming members.

It has been developed in collaboration with several of our fellow credit unions - and aims to build a relationship with our farming members to develop and future proof their farms - by providing quick and easy access to finance.

  • Invest in new or second hand machinery.
  • Upgrade your building and facilities.
  • Purchase additional livestock.
  • Obtain working capital and increase cash flow.
  • Maximum loan amount: €75,000 (unsecured)
  • Loan Term: 1 to 7 years
  • Rate: 6.55%
  • APR: 6.75% APR
Representative Example

Representative Example

A loan of €40,000 over 7 years (84 months): Repay €595 per month, Total amount payable (including interest of €9973) is €49973, 6.75% APR.

Examples provided are 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 example only provides an indicative quote and actual repayments may vary.

How does it work?

  • Your loan repayments can be tailored to suit your needs, you can arrange to make monthly, quarterly, half-yearly or annual repayments.
  • You can arrange to have your farming subsidies paid directly into your Credit Union Account.
  • You will have free loan protection insurance, which is only one of many Credit Union benefits. (subject to criteria)
  • There are no arrangement fees or penalties for early repayments!

What do I need to provide?

  • Two years financial accounts (the most recent available)
  • The most recent Revenue chapter 4/ Form 11 self-assessment Form
  • 3-6 months bank statements (for business and personal)
  • 2 payslips, if in receipt of same
  • 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
  • For amounts greater than €25,000 a business plan* must be provided, including projections for 3 years
  • Any other supporting documentation which may assist in your loan application, including evidence of loan purpose

How do I apply?

Apply in-branch

Call into any of our loan offices and speak with one of our experienced lenders. Check out the opening hours here.

Arrange a call with our Head of Lending

Call us on 057 86 22594 or email us at and our Member Services Centre will arrange for our Head of Lending to call you back to discuss your options and answer any queries you may have.

How much will I repay?

Loans are subject to approval. Lending criteria, terms & conditions apply.

Warning: 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.

Warning: For variable rate loans, the cost of your monthly repayments may increase.

Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at People First Credit Union. It does not constitute a loan offer. People First Credit Union or its staff cannot be held responsible for any errors or omissions.

Cultivate Agri Loan
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