Ulster Bank announced this Thursday that it was ready to accept applications for its €25m share of the fund. The dedicated section of its website now offers an option to apply online. Alternatively, Ulster Bank advisers can be contacted on 185-021 1690 from 8.30am to 5pm Monday to Friday or in branches.

Bank of Ireland

Bank of Ireland announced on Wednesday that it would distribute €65m of the scheme’s funds. Its website details the terms and conditions of the loans and allows customers to download an application form. Farmers can also apply by telephone on 1890 365 222, from 8am to 8pm Monday to Friday and Saturday from 10am to 2pm.

AIB

AIB was first to open applications for the scheme this week. The 12-page application form available from its website is the standard agri-lending form used for all loans to farmers. It includes information about the farm’s business and financial performance, as well as details of how the borrowings will be used. AIB announced on Tuesday that it was allocated €60m of the €150m fund administered by the State’s Strategic Banking Corporation of Ireland (SBCI).

AIB customers who wish to apply for a loan can do so in their local branch or by calling 1890 47 88 33 from 8am to 9pm Monday to Friday, and from 9am to 6pm on Saturday.

Read more

Cheap loans scheme: what you need to know

IFA: farmers should apply for low-cost loan if appropriate

Low-cost loans bring Irish farmers in line with European rates

Creed launches low-cost loan scheme for farmers