Regional Investment Corporation (RIC) Drought Loan
Form number: RIC Drought Loan application
A concessional 10-year loan of up to $2 million to help farm businesses prepare for, manage through, or recover from drought. The interest rate is set by the Treasurer twice yearly (1 February and 1 August) and is materially below commercial bank rates. The first 5 years are interest-only; the next 5 years are principal-and-interest.
Official source
ric.gov.auRelated topics
ric drought loan · regional investment corporation · concessional drought loan · farm finance · drought finance · commonwealth drought loan · drought relief loan · farm drought assistance · agricultural drought support · drought recovery funding · farm business loan drought · concessional farm loan · drought affected farmers · low interest farm loan · drought hardship loan · farming drought help · rural drought finance · grants · funding · business grant
Related forms
- Agricultural Levy Returns (DAFF Levies)
- Farm Household Allowance (FHA) — Services AustraliaSA452 (Farm Household Allowance claim)
- RIC Farm Investment LoanRIC Farm Investment Loan application
- RIC AgriStarter Loan (next-generation farmers)RIC AgriStarter Loan application
- RIC Drought Loan — Refinance / Concessional Refinance pathwayRIC Drought Loan (refinance use case)
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