Farmer Credit Line
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Option 1
Available Mon-Fri 9am to 5pm
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Option 3
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.
There are other farm finance solutions that might better meet your needs – please click here to find out more.

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
With interest rates from 3.700%* 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 €937.91.

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

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.
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.