Farming is a vital integral part of our community; the credit union understands the significant variation both within and across farm sectors. With this in mind St Colmcilles (Kells) Credit Union has ventured into the market of providing Agri Loans. Farm Income and expenditure vary through the year; therefore our Agri Loans are structured to meet the financial needs of individual farmers.
Currently we offer loans over 5 or 10 years with the flexible option of weekly/monthly/quarterly repayments. Interest is calculated on a reducing balance basis, therefore the quicker you pay your loan the less interest you pay. This loan is insured in the event of death at no extra cost to the member. Terms and conditions apply.
In addition to this, there are no administration, transaction or other hidden costs. There are no penalties for early redemption.
Regardless of the scale of the farm operation, our strategy is to tailor our Agri Lending to meet diverse farming requirements with loans ranging from €10,000 to €100,000 – we aim to underwrite and make a decision within 24 hours. Agri Loans can be applied for immediately.
We have a dedicated Agri Lending team at St Colmcilles (Kells) Credit Union – so don’t delay call today.