Farm Loans
Farm Loans
Clonakilty & Dunmanway Credit Union offers a dedicated Farm Loan to cater to the growing needs of our farming community.
We Do Farm Loans
Clonakilty & Dunmanway Credit Union offers a dedicated Farm Loan to cater to the growing needs of our farming community. Our Farm Loan provides short to medium-term finance with flexible repayment options and no fees. Borrow up to €60,000 over 7 years at Rate of 9% (9.4% APR). Loans greater than €25,000 must provide further information than listed below.
What Can I Borrow For?
- New or used machinery
- Upgrading buildings & facilities
- Lifestock purchasing
- Bulk buying of feedstuffs / Additional fodder
- Sustainability upgrades
- Farm Technology
- Installing energy efficient measures, e.g.: solar panels, wind turbines, etc
- Succession Planning
- Bridging Finance
- Other
The requirements of a Farm Loan
One of the main ways we support our members is by offering competitive loans. Our loans are provided on reasonable terms to our members.
Apply Now- Become a member at Clonakilty & Dunmanway CU
- 3 Months Recent Bank Statements (Personal & Business)
- 2 Years Business Accounts
- Proof of Income. Notice of Assessment / Form 11
- Photo ID – Passport / Driving License
- Proof of Address – Utility Bill, Bank Statement (dated within the last 6 months)
- Proof of PPS Number – Medical Card, Payslip, P60
Loan Application Process
Apply for a loan today with interest rates that suit you!
1
Become a Member
Join Clonakilty & Dunmanway Credit Union and avail of numerous tailored benefits, outstanding cumstomer service and amazing community
2
Calculate your Loan
Estimate how much you could borrow and calculate your repayments: weekly, fortnightly, or monthly using our online calculator
3
Apply for Loan Online
Apply for your loan from the comfort of your home with our new online loan application. Upload all your loan documents through our mobile app
4
Sit back and relax!
Voilá! You are done! Our team are now reviewing your application, we will be in touch shortly to confirm your loan application.
Calculate Your Loan Repayments
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
9.38%
9.38%
9.38%
This calculator is 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 calculator only provides an indicative quote and actual repayments may vary.
The benefits of a Loan with us are
Flexible Repayments
We offer flexible repayment terms to fit your specific needs.
No Fees Or Charges
We have no hidden fees or charges, and we make fast and local decisions.
No Penalties
There are no penalties for early loan repayment.
Easy Application
You can apply for a loan easily online, by phone, or in-branch.
Competitive Rates
Our interest rates are highly competitive.
Peace Of Mind
Enjoy peace of mind with loan protection insurance.
Representative Example
A 3 year Farm Loan of €15,000 will have weekly repayments of €109.75, Interest 9% variable, (9.4% APR). If the APR does not vary during the term of the loan the total cost of credit is €2,120. The total amount payable is €17,120.
