Agri Finance
At St. Colman’s Credit Union we have Agri Finance solutions that covers all farm related borrowing and provides real support to the farming community in our common bond area. The Agricultural sector continues to play an important role in the economy and especially in our local communities.
We offer our members some of the most competitive rates in the market place with regard to Agri Finance with facilities available for a variety of farming purposes such as stocking, farm machinery, land purchase and general farm investment. Our loans range from €500 up to €150,000 depending on the purpose and term required.
The interest rate applicable depends on whether the facility will be of a secured nature with a rate of 5.5%, or for unsecured facilities at 6.75%. Your loan repayments can be tailored to suit the cash flow of the enterprise be they monthly, quarterly, half yearly or annually. In addition you will have free loan-protection insurance on all lending facilities which is one of the many benefits to credit union members.
Stocking Loans
It is that time of year again when cattle are in from pasture and those sheds need filling to help achieve additional income over the long Winter evenings. Whether you produce beef from a specialist suckler herd or from the offspring of the increased dairy herd, our focus is you. Our Stocking Loans are designed for farmers who want to finance the purchase of cattle for rearing and/or finishing. The main features are as follows;
- A repayment schedule to match your cash flow.
- A revolving element if required that ensures your next stocking loan will be available as soon as your existing loan is cleared.
- Total lending amounts up to €150,000.
- Variable rate of interest that is charged on a reducing balance basis.
- There are no arrangement or set up fees.
- All applications will be handled by our experienced Agri lending team.
Whether you are a start-up or experienced farmer- our focus is you. Non-members more than welcome to come in for a face to face meeting and see if we can be of assistance to your enterprise today. We believe our suite of Agri loan facilities can fulfil the needs of all farmers and we look forward to hearing from you shortly.