Farmer Credit Line

  • Option 1
    Call 0818 47 88 33
    Available Mon-Fri 9am to 5pm

During the uncertainty of the COVID-19 situation, we have flexible solutions to help you manage your working capital and cashflow. Talk to us today about options such as AIB Farmer Credit Line.

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    What is it?

    Our Farmer Credit line is a flexible way to help you manage your farm’s seasonal working capital throughout the year. It works alongside your current account and overdraft to give your business seasonal financial support when you most need it.

    It has attractive variable interest rates from 3.575%*. Interest is calculated on the outstanding balance and is charged quarterly.

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    How does it work? How will it help me?

    For planned seasonal expenses, such as purchasing stock in spring you can drawdown funds from your Credit Line. This means your current account and working capital is not depleted by seasonal expenses and you have the flexibility to repay your Farmer Credit Line when you have funds available later in the same calendar year.

    Working alongside your current account, it’s flexible and easy to use. You can transfer funds to your current account as you need them to pay for seasonal purchases. You can transfer funds online, in branch or by telephone, and there are no transaction costs for transfers from the Farmer Credit Line to your working current account.

    Important to note, the Farmer Credit Line is an annual facility and must maintain a nil or credit balance for at least 30 days a year. To ensure it continues to meet your working capital requirements our team will review this facility annually.

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There are other farm finance solutions that might better meet your needs – please click here to find out more.

Pre-Arranged Line of Credit.

Pre-Planned Line of Credit

The Farmer Credit Line is a line of credit that can be planned by you. By establishing the level of working capital support you need at the start of each year and arranging the necessary bank finance, you can have the funding in place for planned seasonal purchases.

Competitive Interest Rate.

Competitive Interest Rate

With interest rates from 3.575%* variable, the Farmer Credit Line may be cheaper than standard overdraft rates. Interest is calculated on the outstanding balance and is charged quarterly.

 

* The total cost of credit for a Farmer Credit Line facility of €25,000 is €903.57.

Efficient Cashflow Management

Efficient Cashflow Management

For planned seasonal expenses, you can drawdown funds from your Credit Line. This means your current account and working capital is not depleted by seasonal expenses and you have the flexibility to repay your Farmer Credit Line when you have funds available.

Flexible and Easy to Use.

Flexible and Easy to Use

Working alongside your current account, it’s flexible and easy to use. You can transfer funds to your current account as you need them to pay for seasonal purchases. You can transfer funds online, in branch or by telephone, and there are no transaction costs for transfers from the Farmer Credit Line to your working current account.

Suitable for All Farm Types.

Suitable for All Farm Types

The Farmer Credit Line is suitable for all types of farms, and you can tailor it to your Working Capital needs.

Annual Facility.

Annual Facility

The Farmer Credit Line is an annual facility and must maintain a nil or credit balance for at least 30 days a year. We will review your Farmer Credit line annually to ensure it continues to meet your working capital requirements.

Planning your Seasonal Working Capital Finance.

Planning your Seasonal Working Capital Finance

Your cashflow is key to managing your farm finance, and completing a cashflow plan allows you to identify when you will need seasonal support. Our guide and template can help you plan your working capital requirements.

  AIB Farmer Credit Line Brochure

Our Farmer Credit Line is a pre-arranged line of credit that works with your current account to give your business seasonal financial support.

 Format:  PDF File size:  1.1M
  Agri Lending Application Form

In order to progress your application, you will need to arrange a meeting with your AIB Relationship Manager and complete this Agri Lending Application Form.

 Format:  PDF File size:  1M
  Agri cashflow Planner

Our cashflow Planner can help you establish the cashflow position of your farm and plan accordingly.

 Format:  XLSX File size:  36.6K
  Terms and Conditions governing Business Lending. Format:  PDF File size:  703.5K

Important / Regulatory Notice.

Warning: The cost of your repayments may increase

Customer received a gratuity. Lending 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. Between Jan 1st and Dec 31st 2016, AIB approved 94% of farmer credit line applications to farmers aged between 18 and 40 years old.

Allied Irish Banks p.l.c. is regulated by the Central Bank of Ireland.

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