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About Our Cultivate Farm Loans

6.55% Variable – 6.75% APR

Farmer – Friendly – Finance.

Agri Loans are available for a variety of farming purposes such as:

  • Stocking
  • Farm Machinery
  • Cashflow
  • General Farm Investment

We promise you a friendly professional service, very competitive rates and an easy loan application process with quick turnaround times.

We have a trained and experienced Agri Loans Team who will talk you through the process, provide advice and guidance and present all our options to you.

Your loan repayments can be tailored to suit your needs and we can offer loan protection insurance at no extra cost to qualifying members, which is one of the many Kilrush Credit Union benefits.

Loans up to €50,000 are available with a competitive Interest Rate of 6.55% (6.75% APR)

To assess a Cultivate loan application the following supporting documentation is required:

  • Two years financial accounts (the most recent available)
  • The most recent Revenue chapter 4 self-assessment
  • The most recent Form 11
  • 3-6 months bank statements
  • 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
  • Confirmation of TAMs II approval (if applicable)
  • 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

*A comprehensive business plan should include at a minimum:

  • Executive summary
  • A company description
  • Market analysis
  • Current sector/market position
  • Staffing and operations
  • Financial projections including:
    • Key assumptions
    • Profit and loss accounts
    • Balance sheet, and,
    • Cash flow projections for 3 years

To apply for a Cultivate Loan, you must be a member of Kilrush Credit Union.  If you are not already a member, go to the membership page on our website for eligibility criteria or call into your nearest credit union office.

Alternatively, if you are already a member  and would like to find out more about our Cultivate Loan, the documents required, the application process or to get started with an application simply make an appointment with the Agri Loans Officer at Kilrush Credit Union.

Typical timelines for application assessment:

From the time the application and supporting material are supplied to the Credit Union it will take 5-10 working days to receive a decision.  A member of our team will contact you to advise you of that decision.

Security Policies

Security may be required. Types of security which may be required include the following:

  • A pledge of your shares
  • Guarantor

The type and level of security required will be reasonable and will depend on the level of credit being sought, the term of the credit agreement and the overall level of risk which applies to the credit facility. The level of security sought will have regard to the nature, type and value of the security offered.

We will provide you (and any potential guarantor) with a written explanation of why the security is required and the consequences for you (and the guarantor) of providing such security.


Credit History Implications of a Refusal

A refusal of a loan application by the credit union will not adversely affect your credit rating.


  • Trained and experienced Agri Loans Team
  • On Farm appointments available
  • Borrow up to €50,000 unsecured
  • Loan term up to 7 years
  • Suitable for all farm types
  • No administration, arrangement or set up fees
  • Loan insurance at no added cost to eligible members
  • No penalties for early repayment
  • Flexible repayment options; including quarterly and yearly to help plan for seasonal expenses
  • 48 hour lending decisions (this can be dependent on the complexity of your application, your dedicated Loans officer will advise you of the expected time frame)

Find out what you can afford to borrow

Loan Calculator

Features of Cultivate Farm Loan

Whether you’re a first time driver or buying that dream car, we can get you on the road. With an Kilrush Credit Union car loan you own your car from day one. Our loan rate is extremely competitive, and we offer flexible payment options.

No Stress

We don’t want you to worry, so we’ll be here to answers all your concerns.

We Get Personal

With us you are more than just a number. It’s about more than just your credit history.

No Fees or Charges

Banks charge you fees to use your account. We don’t. Nothing. Zilch. Zero.

Reducing Interest

The more you pay off the less interest you pay. Nice!

Cultivate Farm Loan - Eligibility

You don’t need to be an existing member and can join and apply for a loan straight away.  No two cases are the same and each loan application will be looked at on its own merits.  However, some general guidelines about the criteria for loan assessment are as follows:


Your ability to repay the loan.

History & Credit Check

Your previous lending history and your credit check with the CCR.


Are you saving regularly?

Not a member of Kilrush Credit Union?

Become a Member

Warning: All loans subject to a variable interest rate and we may change the interest rate, subject to prior notice in writing. This means the cost of your monthly repayments may increase or decrease.

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