Agri Assist Loan

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Agri Assist Loan

Agri Assist is specifically designed to support farmers managing their businesses through a period of high price inflation for key inputs such as energy, animal feed and fertiliser. It provides additional working capital for farmers. If you’re looking to finance the cost of growing grass, silage, tillage crops or need the funding to pay merchant or co-op bills for animal feed or fertiliser, we can help make this happen and we are here to support you.

Features and Benefits:

  • Loans from €1,000 to €100,000
  • Discounted variable rate of 4.75% 1 2
  • Loans are repayable over extended terms from 6 months to 3 years
  • No arrangement fee
  • Now easier and faster3
  • A working capital loan to support the financing of animal feed, fertiliser and other farm inputs

You can apply for an Agri Assist loan by calling 0818 210 6144 (select option 4).

 

Further Information

Agri Assist LoanViewPrint

Representative example

An agri assist loan of €30,000 at a variable rate of 4.75% over a 3 year term will require 36 monthly payments of €895.51. The cost of credit is €2,238.36. The total amount repayable is €32,238.36.

Level of security required and rate applicable, will be determined by the amount, purpose & term of facility, in conjunction with the nature and value of the security being offered. Lending criteria, terms and conditions apply. Over 18s only.
Warning: The cost of your repayments may increase.
Warning: If you do not meet the repayments on your credit facility agreements, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future
1 When you take out an unsecured loan, you do not need to offer an asset as security or collateral for it. To get a secured loan, you must offer an asset, such as property, as security. If you are taking out a business loan, we may ask for a Personal Letter of Guarantee (PLG) as a form of security. When you sign a PLG, you promise to take responsibility for repaying the loan if the business cannot do so.
2 For an agri assist loan the variable rate is made up of the Small Business and Agri Rate (SBAR) with a margin of 3.2% (correct as at 07/11/2022) – The SBAR rate is a BOI reference rate under SME Regulations. The SBAR rate is 1.55% (correct as at 07/11/2022) and is liable to change. For up to date SBAR rates please visit https://businessbanking.bankofireland.com/credit/business-loans/business-banking-reference-rates/
3 For unsecured loans up to €120,000, for sole traders, limited companies or joint borrowers with an existing Bank of Ireland business current account and provided we are in receipt of all relevant information and documentation.
4 Call us Monday to Friday 9am-5pm excluding Bank Holidays.

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