Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

To clarify, we all know it is an unsecured loan, and that is in the terms and conditions. However, there are farmers getting much greater loans at much higher interest rates for machinery, and with one quarter of the paperwork and effort that is going into this loans process from the same banks. Somebody has complicated this nicely in order for the banks to benefit.