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Drought Assistance Concessional Loans

Please note Drought Assistance Concessional Loans closed to applications on 30 June 2018.

Current applicants

If you applied to QRIDA for a Drought Assistance Concessional Loan by the closing date of 30 June 2018, it will be assessed and decisioned by QRIDA. Approved loans will also be managed by QRIDA.

For queries relating to current applications please call QRIDA on Freecall 1800 623 946.

Existing QRIDA Clients

If you currently have a Commonwealth concessional loan with QRIDA, your loan will continue to be managed by QRIDA. The variable concessional interest rate is currently set at 3.09 per cent (from 1 February 2018).

To speak with your QRIDA Client Manager please call Freecall 1800 623 946.

From 1 July 2018

The Australian Government has established the Regional Investment Corporation (RIC). From 1 July 2018, farmers will need to apply to the RIC for the Commonwealth’s Farm Business Concessional Loans. The RIC will offer two loan products for farm businesses – Farm Investment Loans and Drought Loans.

For more information about the loans and eligibility requirements please contact the RIC on 1800 875 675 or visit the RIC website

Last updated
6 August 2018