Interest rate
View the current interest rates for QRIDA loans.
Sustainability and First Start Loans*
| Term | Interest rate |
|---|---|
| 1 year fixed | 5.55% |
| 3 years fixed | 5.52% |
| 5 years fixed | 5.56% |
*Current interest rates drawn down from 1 October 2023.
Drought Carry-On Finance Loan and Drought Ready and Recovery Finance Loan*
| Term | Interest rate |
|---|---|
| Variable | 5.13% (variable rate based on monthly repayments and subject to change each month) |
| 1 year fixed | 5.35% (fixed rates based on quarterly repayments) |
| 3 year fixed | 5.31% (fixed rates based on quarterly repayments) |
| 5 year fixed | 5.36% (fixed rates based on quarterly repayments) |
*Current interest rates drawn down from 1 October 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 |