AIB 4.5% loan open to farms

AIB has confirmed that many farmers are eligible for its 4.5% interest rate new funding of €200m for Ireland’s small and medium enterprises .

The bank is cutting 2% off its standard variable business loan rate, for this Strategic Banking Corporation of Ireland (SBCI) credit support for the SME market.

AIB has secured funding from the SBCI, which will provide a discount of up to 1%, which will be matched by AIB.