Five Credit Unions in Tipperary Providing Loans to Farmers Under New ‘Cultivate’ Farm Loan Programme
Credit Unions across the country have launched Cultivate farm loans. These loans are designed to provide financial support for farmers through short-term and medium-term loans with an interest rate of 6.75% APR. Applications for these loans will be rapidly approved and farmers will have the opportunity to avail of amenable repayment opportunities.
Loans provided to farmers under the Cultivate credited union scheme are given to cover the purchase of land, livestock, new or second-hand machinery, to increase cashflow to the farm and for the upgrade of farm buildings and facilities.
Fifty-one participating credit unions nationwide are issuing maximum loans of €75,000 with a maximum term of 10 years. In Tipperary there are currently 5 credit unions taking part in the Cultivate loan scheme. These credit unions are listed below:
| Credit Unions – Tipperary – Cultivate (farm loans) |
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