Interest rate

View the current interest rates for QRIDA loans.

QRIDA interest rate
Sustainability and First Start Loans*
TermInterest rate
1 year fixed5.53%
3 years fixed5.45%
5 years fixed5.56%

*Current interest rates drawn down from 1 May 2024.

Drought Carry-On Finance Loan and Drought Ready and Recovery Finance Loan*
TermInterest rate
Variable 5.41% (variable rate based on monthly repayments and subject to change each month)
1 year fixed5.32% (fixed rates based on quarterly repayments)
3 year fixed5.25% (fixed rates based on quarterly repayments)
5 year fixed5.35% (fixed rates based on quarterly repayments)

*Current interest rates drawn down from 1 May 2024.

Disaster Assistance Loan and Essential Working Capital Loan
Eligible disasterInterest rateApplication closing date
Tropical Cyclone Kirrily, associated rainfall and flooding, 25 January – 26 February 2024 1.79%31 December 2025
South East Queensland Severe Storms and Rainfall, 24 December 2023 - 3 January 20241.79%31 December 2025
Tropical Cyclone Jasper, 13 - 28 December 20231.79%31 December 2025
Northern Queensland Bushfires, 18 October - 8 December 20231.79%31 December 2025
Southern Queensland fires, 8 September - 7 November 20231.79%31 December 2025
Northern and Central Queensland Monsoon and Flooding, 20 December 2022 – 30 April 20231.69%31 December 2024

Find your Regional Area Manager

Select any filter and click on Apply to see results

Last updated: 01 May 2024