RIC low-interest farm business loans

09 July 2024

RIC (Regional Investment Corporation) is an Australian Government provider of low-interest farm business loans to strengthen Australian agriculture and build thriving regional communities. 

The RIC Drought Loan is a valuable option to help farm businesses in tough financial times as they prepare for, manage through and recover from severe business disruptions including drought, natural disasters and biosecurity risk. RIC loans also help first generation and next generation farmers to start a farm business or with succession planning. 

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Farm businesses can use RIC loans to improve cash flow, refinance existing commercial debt at a lower interest rate, pay outstanding bills, pay for fodder and water cartage, invest in capital infrastructure and risk mitigation activities such as, expanding water storage and diversifying production. 

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RIC loans offer a concessional interest rate, 10-year term with interest-only repayments for the first five years, followed by principal and interest repayments for the remainder of the loan term. Farm businesses can borrow up to $2 million and benefit from no application fees, no ongoing management fees, and no penalty fees for extra or early repayment.  Eligibility and assessment criteria apply.

To learn more, please visit the RIC website and take the quick quiz to discover if a RIC loan is right for you. Drought Loan - Regional Investment Corporation (ric.gov.au)