Interest rate

View the current interest rates for QRIDA loans.

QRIDA interest rate
Sustainability and First Start Loans*
TermInterest rate
1 year fixed5.74%
3 years fixed5.67%
5 years fixed5.76%

*Current interest rates drawn down from 1 December 2023.

Drought Carry-On Finance Loan and Drought Ready and Recovery Finance Loan*
TermInterest rate
Variable 5.37% (variable rate based on monthly repayments and subject to change each month)
1 year fixed5.54% (fixed rates based on quarterly repayments)
3 year fixed5.47% (fixed rates based on quarterly repayments)
5 year fixed5.55% (fixed rates based on quarterly repayments)

*Current interest rates drawn down from 1 December 2023.

Disaster Assistance Loan and Essential Working Capital Loan

Eligible disaster

Interest rate

Application closing date

Northern and Central Queensland Monsoon and Flooding, 20 December 2022 – 30 April 2023

1.69%

31 December 2024

Southern Queensland Flooding, 6 – 20 May 2022

0.80%

31 December 2023

Northern and Central Western Queensland Rainfall and Flooding event 21 April – 12 May 2022

0.80%

31 December 2023
South East Queensland Rainfall and Flooding, 22 February – 7 March 2022 0.80% 31 December 2023
Ex-Tropical Cyclone Seth, 29 December 2021 – 10 January 2022 0.80% 31 December 2023
Central, Southern and Western Queensland Rainfall and Flooding, 10 November - 3 December 2021 0.80% 31 December 2023

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Last updated: 01 December 2023