Farmer Credit Line

The Farmer Credit Line provides farmers with the convenience and flexibility of a pre-arranged line of credit. It will facilitate improved budgeting and will give you greater choice in meeting your working capital and short term funding needs. It provides you with a very competitive interest rate on your borrowings and in allowing you to purchase your inputs with cash, you can avoid higher cost merchant credit and secure attractive cash purchase discounts.

The Farmer Credit Line provides an innovative working capital solution that works in tandem with your current account.

How Farmer Credit Line works:

• Works alongside your Current Account.
• Generally subject to annual review.
• The account must maintain a nil or credit balance for at least 30 days per annum.

Benefits of a Farmer Credit Line:

Flexible

You can choose to draw down the facility as you require it throughout the year. You can do this yourself if you have access to AIB Internet Banking.

Competitive Interest Rate

The Farmer Credit Line is one of the most competitive working capital offerings in the market and can work out considerably cheaper than standard overdraft rates. The Farmer Credit Line's variable interest rate is linked to market rates so ensuring that interest rate movements are quickly reflected in the interest rate that you pay.

The rate for the Farmer Credit Line is linked to AIB's Prime rate (which is reviewed on a weekly basis) and details are available from your branch on request.

Improves Budgeting

Farmer Credit Line facilitates improved budgeting as well as providing you with ready and convenient access to funds as you respond to market developments and opportunities. It can help you to avoid higher cost merchant credit and help you secure attractive cash purchase discounts.

Eligibility

Open to both existing and new business customers, subject to normal lending criteria.

Important / Regulatory Notice

Full details can be found in the AIB Terms and Conditions governing Business Lending brochure, a copy of which is available from your local AIB Branch.

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.

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