Interest rate
View the current interest rates for QRIDA loans.
Sustainability and First Start Loans*
| Term | Interest rate |
|---|---|
| Variable | 5.53% |
| 1 year fixed | 4.69% |
| 3 years fixed | 4.81% |
| 5 years fixed | 5.18% |
*Current interest rates drawn down from 1 May 2025.
Drought Carry-On Finance Loan and Drought Ready and Recovery Finance Loan*
| Term | Interest rate (MONTHLY REPAYMENTS) | Interest rate (QUARTERLY REPAYMENTS) | Interest rate (HALF-YEARLY REPAYMENTS) |
|---|---|---|---|
| Variable^ | 5.33% | 5.33% | 5.33% |
| 1 year fixed | 4.48% | 4.49% | 4.51% |
| 3 years fixed | 4.60% | 4.61% | 4.63% |
| 5 years fixed | 4.94% | 4.96% | 4.99% |
*Current interest rates drawn down from 1 May 2025
^Variable rates are subject to change each month.
Disaster Assistance Loan and Essential Working Capital Loan
| Eligible disaster | Interest rate | Application closing date |
|---|---|---|
| Western Queensland Surface Trough and Associated Rainfall and Flooding, 21 March - 19 May 2025 | 2.14% | 31 December 2026 |
| Tropical Cyclone Alfred and Associated Severe Weather, 1 - 16 March 2025 | 2.14% | 31 December 2026 |
| North and Far North Tropical Low, 29 January - 28 February 2025 | 2.14% | 31 December 2026 |
| Southern Summer Rainfall and Flooding, 9 December 2024 - 14 January 2025 | 2.14% | 31 December 2026 |
| Tropical Cyclone Kirrily, associated rainfall and flooding, 25 January – 26 February 2024 | 1.79% | 31 December 2025 |
| South Queensland Severe Storms and Rainfall, 24 December 2023 - 3 January 2024 | 1.79% | 31 December 2025 |
| Tropical Cyclone Jasper, 13 - 28 December 2023 | 1.79% | 31 December 2025 |
| Northern Queensland Bushfires, 18 October - 8 December 2023 | 1.79% | 31 December 2025 |
| Southern Queensland fires, 8 September - 7 November 2023 | 1.79% | 31 December 2025 |