Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

bank loan

  • 20-11-2012 10:39pm
    #1
    marknjb
    Registered Users, Registered Users 2 Posts: 196 ✭✭


    i am thinking of building a small slated shed at the moment we outwinter.however we never had a bank loan for anything to do with the farm
    so i would like to know what way it work as regards repayments and length of time etc .do most just make one repayment a year when they sell a few cattle and could u spread it out to over 10 years
    Im thinking about 20,000 roughly
    thanks marknjb


Comments

  • #2
    maxxuumman
    Closed Accounts Posts: 592 ✭✭✭maxxuumman


    I'd imagine they will let you repay annually. For 20k on capital, I don't think you will be let go 10 yrs. it's to do with capital right offs. For that amount, I'd say they will expect a repayment period of 5-6 yrs.
    Go to a couple of banks, they will put you straight fairly quickly.


  • #3
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    the rate for that type of loan could be hefty,open to correction but think it could be closer to 10% than 5%


  • #4
    viztopia
    Closed Accounts Posts: 770 ✭✭✭viztopia


    Have Aib a special loan for farm improvements with a decent rate? Check their website


  • #5
    marknjb
    Registered Users, Registered Users 2 Posts: 196 ✭✭marknjb


    thanks


Advertisement