Machinery Loans
Machinery Loans
Whether it’s specific needs like tractor finance or more general information on farm machinery finance, find out what we can do for you. 😊
Contact our onsite Agri Lending Manager Ciarain Doherty at ciarain@claremorriscu.ie or 086-8533500 and he will be happy to assist.
- A repayment schedule to match your cashflow.
- Unsecured amount up to €75,000 available with a maximum term of 7 years.
- Variable rate of interest.
- Security may be required.
- Free Loan Protection Insurance (T+C’s Apply).
Warning: The cost of your repayments may increase & 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.
Example *A typical farm machinery loan of €30,000 over a term of 5 years with a variable interest rate of 6.55% (APR 6.75%), would mean that you would make 5 Annual repayments of €7,228.92. The cost of credit is €6,144.44 and the total amount repayable of €36,144.44
[Warning – the above is provided for illustrative purposes only. This is a variable rate product and the interest rate can rise, which could increase the cost of your monthly repayments.]