that knows dairy
MilkFlex is an award winning loan product available to dairy suppliers of participating co-ops in the Republic of Ireland.
The MilkFlex loan offers access to flexible, low interest rate, unsecured loans over a term of 8 years.
The MilkFlex application process is fast and flexible and our agri business team are available to guide you through the application process. Fill in our Finance Enquiry form for a callback from one of our Agri business experts.
If you are unsure about what MilkFlex can be used for, or how the MilkFlex application process works you can watch our short explainer video below which discusses the key features of the loan, the application process, the farm visit and the drawdown process.
For more information on MilkFlex, please give us a call on the number below or fill in our enquiry form above for a call back from a member of our MilkFlex team.
Flex events facilitate the reduction of principal and interest repayments by 50% for a 6 month period if the milk price is 33cpl including VAT or below for 3 consecutive months¹. If the milk price is 31cpl including VAT or below for 3 consecutive months principal and interest repayments can be reduced by 100% for a 6 month period.² If the milk price rises to 41cpl for 3 consecutive months, then repayments increase by 25% for a 6 month period.³ Flex events also protect against the risk of disease outbreak. If output is reduced by 30% year on year, repayments can be cancelled for 6 months.
No asset-based security is required (personal guarantees are required if lending to a limited company). Priority deduction will be from milk payments. A Milk Supply Agreement (MSA) is required for the duration of the loan.
The application process is simple and designed with as little friction as possible. Our team of Agri Business Managers are located nationally and are available to discuss your specific requirements with you, helping guide you through the application process from beginning to end.
Representative Example for total credit amount of €75,000:
8.70% Annual Percentage Rate (APR) representative is inclusive of an arrangement fee of 1.25% and based on a variable interest rate of 8.33%. Total credit €75,000. 96 monthly instalments of €1,073.03. Actual instalments are repayable seasonally with high season monthly instalment of €1,931.45 and low season monthly instalment of €1,287.64. Total cost of credit €28,948.38 (inc arrangement fee).
Please note the above example is representative and does not account for the impact of a Flex event.
Low Months are April / May / October / November.
High Months are June / July / August / September.