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Farm Loans

Farm Development Loans

The farming environment is going through huge change at the moment and with that change comes opportunity. You may be considering purchasing land or additional milk quota to boost your revenue, upgrading your farm buildings and equipment to take advantage of the new increased Farm Waste Management and Dairy Hygiene grants or maybe diversifying into a new type of farming. Whatever your options, we're here to help you make it happen. Talk to us today about your farm development options.

Further information is available through your local Bank of Ireland branch.

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Farm Finance Multiplier

Developing your farm business with Farm Finance Multiplier.

Whatever your plans for developing your farm business, Bank of Ireland can help, make it happen.

With the recent CAP changes you have had to make major decisions as to the future of your farm. At Bank of Ireland we're trying to make those decisions that little bit easier and you can now borrow based on a multiplier of your single Farm Payment or REPS payment.

Call into any branch of Bank of Ireland and talk to us today about how we can help your farm development plans happen.

For further queries please email us at business.banking@boimail.com

Lending criteria and terms and conditions apply. Lending multiples are based on demonstrable repayment capacity and once yearly repayment. Assumes all other farm, family and income tax costs can be met from income other than the Single Farm Payment and/or Rural Environmental Protection Scheme payment.

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Farm Finance Package

When looking for farm finance, you know that the single most important factor is rate. And that's why you should check out our new Farm Finance offer.

Our rate of 5.24% - 6.74% is a lot cheaper than existing loan rates, so your repayment amount is a whole lot lower too. And all of this with the lending expertise you expect from our Financial Advisers and the flexibility to structure repayments to meet your circumstances.

Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com

Variable rate quoted is correct as at 25/08/2011 and is subject to change. 5.24% applies to loan amounts from €100,001 - €300,000. Lending criteria and terms and conditions apply.

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Farm Machinery and Equipment Finance

At Bank of Ireland we offer you a comprehensive range of payment or rental plans tailored to suit your cash flow, and tax-efficient methods of acquiring farm machinery and equipment. The options available include leasing, term loans and hire purchase plans, available through Bank of Ireland Finance at your local branch of Bank of Ireland.

For further information visit here.

Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com

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Forrestry Loan

Whether you're planting a small section of your farm or investing in forestry on some purchased land, it's worth your while investigating Bank of Ireland's special Forestry Loan Finance Package. This includes Grant Bridging, Land Purchase, Machinery and Equipment loans to suit your needs.

Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com

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Grant Bridging Loan

This loan allows you to finance development work while you wait for your grant payment to come through, e.g. REPS-related expenditure.

Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com

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Land Purchase Agriloan

If expanding your farm, our Land Purchase Agriloan is the flexible and most competitive solution. This loan offers the ideal way to fund land or quota purchase. It combines a competitive interest rate with an extended repayment period of up to 15 years.

Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com

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Payment Protection

What is Business Payment Protection?
Business payment protection covers your loan repayments when you are unable to meet your obligations.

Customer Benefits

  • Cover can be extended for up to four Directors
  • When a Director/Owner is unable to work, this can affect the company's ability to make loan repayments. Having payment protection takes care of the repayments as well as helping to protect the customer's credit rating in this situation.
  • The absence of an owner or partner can also result in higher costs - e.g. hiring a replacement. With payment protection, the loan repayment is still covered thus freeing up some capacity to address those additional business-running costs.
  • Covers your loan repayments in the event of disability (accident, sickness), critical illness/major accident or death.
  • Eliminated the worry of meeting monthly repayments.

For further queries please email us at business.banking@boimail.com

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Milk Quota Restructuring / Milk Superlevy Loan Schemes

This special loan package enables quota purchasers to buy additional quota at an annual cost on par with current leasing charges. Buyers will be able to reduce that cost further by availing of new tax reliefs. Where applicable, milk superlevy liabilities can also be included under the scheme.

For farmers selling quota, a comprehensive savings and investment package is also available.

For farmers BUYING quota

  • Repayments comparable to normal leasing charges per gallon
     
  • Fixed rate options are available, if required

Flexibility

  • Repayments can be spread over seven years
     
  • Repayments can be scheduled during peak milk supply period (5-6 months) or every 12 months
     
  • Three-month postponement of first repayment if required
     
  • Bank of Ireland package offers choice of fixed or variable options

Convenience

  • Repayments by direct deduction from milk cheque
     
  • Package available through BOI branches or Co-Op/processors

Peace of mind

  • Repayments are stable - loan repayment period is variable to absorb interest rate changes over the loan period
     
  • Improved production planning capability from owning quota instead of leasing it
     
  • Provision for financing superlevy penalties over three years if required

Simplicity

  • Annual repayments can be structured on a cost per gallon basis equivalent to normal leasing charges, depending on term of the loan and the price of the quota

For farmers SELLING quota

Free expert advice on lump sum investment. A wide range of competitive options tailored to customers' specific needs.

  • regular income
     
  • tax efficiency
     
  • security
     
  • capital growth
     
  • convenience/service

For further information click here

Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com

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Business Loans