Land Purchase Loans
Land Purchase Loans
Thinking of purchasing further land for your farm or just starting out on the journey? Only you know the full potential of what can be achieved. And when the time comes to build on that potential, the Credit Union want to work with you. Our Land Purchase Agri Loan might be just what you’re looking for. 😊
Contact our onsite Agri Lending Manager Ciarain Doherty at ciarain@claremorriscu.ie or 086-8533500 and he will be happy to assist.
- We offer competitive interest rates with long term repayment options designed to suit your individual farm cash flow, with repayment options ranging from 1-20 years depending on the initial outlay.
- Loan repayments can be scheduled monthly, quarterly, half-yearly or annually to suit high output months, stock sales or receipt of entitlements.
- We offer unsecured loans to a maximum of €75,000 at 6.55% and secured loan facilities to a maximum of €300,000 at 5.25%.
- Security will be required for loans over €75,000.
- Free Loan Protection Insurance (T+C’s Apply).
Warning: The cost of your repayments may increase & If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Example *A typical land loan of €300,000 over a term of 15 years with a variable interest rate of 5.25% (APR 5.38%), would mean that you would make 180 monthly repayments of €2,412.01. The cost of credit is €134,159.58 and the total amount repayable of €434,159.58.
[Warning – the above is provided for illustrative purposes only. This is a variable rate product and the interest rate can rise, which could increase the cost of your monthly repayments.]