What is Cultivate and How Do to Apply?

Cultivate is an initiative that provides short to medium term loan opportunities built specifically around the growing needs of our farming members.

You can apply for up to 75k over a max term of 7 years at a rate of just 6.55% (6.75% APR)

To apply for a Cultivate Loan with St Colmcilles (Kells) Credit Union you need to be a member, if you are not a member don’t worry just go to the membership section of the website to start that process, once you live or work in the Common Bond area of Kells Credit Union.

All you need to do is contact us on 046-9240299 for more information or email ‘cultivate@kellscu.ie’, we would be happy to assist you with farmer friendly finance at great rates.

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What's Needed in order to Apply?

To assess a cultivate Loan we would need the following information

  • Two years financial accounts (the most recent available)
  • The most recent Form 11
  • 3-6 months bank statements
  • 2 payslips, if in receipt of same
  • Evidence of any non-business related income
  • Tax Clearance Access Number / letter from your accountant confirming tax affairs are up to date
  • Statement of direct payments for the previous year
  • Final milk statement for the previous year
  • Confirmation of TAMs II approval (if applicable)
  • For amounts greater than €25,000 a business plan must be provided, including projections for 3 years
  • Any other supporting documentation which may assist in your loan application, including evidence of loan purpose

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What makes Kells Credit Union Different?
  • Trained and experienced Agri Loans Team
  • Friendly Service Face to Face or on the phone, we will give our time and expertise
  • Borrow up to €75,000
  • Loan term up to 7 years
  • Suitable for all farm types
  • No administration, arrangement or set up fees
  • Loan insurance at no added cost to eligible members (T & Cs apply)
  • No penalties for early repayment
Representative Example of Loan Repayments

Loan Amount €30,000                   Term: 7 years

Weekly Repayments €102.64       Monthly Repayments: €446.21

Rate of 6.55% (6.75% APR)

St Colmcilles (Kells) Credit Union is regulated by the Central Bank of Ireland. 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.

If you would like more information please contact St. Colmcille’s Kells Credit Union today.

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