The loans are competitively priced with an initial maximum loan interest rate of 4.5% for loans less than €250,000. The loans are for terms of 8-10 years and unsecured up to €500,000. This type of innovative finance, which has been previously unavailable in the Irish market, will support strategic long-term investment in a post-Brexit environment. A minimum loan amount of €100,000 applies up to a maximum of €3,000,000 per applicant. However, considering the needs of Irish farmers, a specific minimum of €50,000 was negotiated for them.