TAMS II Loans
Bridging and farm development loans to support your Targeted Agricultural Modernisation Scheme II (TAMS II) farm investment.
Benefits
Funding when you need it
Make sure your cashflow isn't under any extra pressure while waiting on your TAMS II grant and VAT refunds. Our short term bridging loans of up to €100,000 are there to help.
Interest only repayments
Our bridging loans are interest only and available for up to 12 months. Your loan is repaid when you receive your grant or VAT refunds.
Finance your investment
Our farm development loans are available to fund the net cots of TAMS II investment.
More on our farm development loans
What is TAMS II?
TAMS II is a scheme of investment aid for farmers. It's co-financed by the EU and Irish State, as part of Ireland’s Rural Development Program. The scheme provides €395m in investment aid up to 2020.
Visit the Department of Agriculture website for more on the TAMS II schemes.
At a glance
TAMS II Bridging Loan
- Bridging loans up to €100,000
- Up to 12 month interest only period
- Flexible repayment options to match your cashflow
- Loan cleared when you get your grant / VAT refunds
Farm Development Loan
- Loans to fund the net cost of the investment
- Terms of up to 15 years for farm building and milking parlours
- Flexible repayment options to match your cashflow
Who can apply
The loan is available to farmers who have been approved for TAMS II grant support.
How to apply
You can complete the form online and then print it (or print and complete it manually). The signed form should be returned to your branch or Relationship Manager.
Downloads
- Agri lending application form - Please complete online, print (or print and complete manually), sign and return to your branch or Relationship Manager.
- Farm Investment Costing template
- Farm cashflow planner
Regulatory notice
Warning: The cost of your repayments may increase
Warning: The entire amount you have borrowed will still be outstanding at the end of the interest only period
Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.
