Interest rate
View the current interest rates for QRIDA loans.
Sustainability and First Start Loans*
| Term | Interest rate |
|---|---|
| Variable | 5.76% |
| 1 year fixed | 5.22% |
| 3 years fixed | 5.02% |
| 5 years fixed | 5.18% |
*Current interest rates drawn down from 1 October 2024.
Drought Carry-On Finance Loan and Drought Ready and Recovery Finance Loan*
| Term | Interest rate |
|---|---|
| Variable | 5.62% (variable rate based on monthly repayments and subject to change each month) |
| 1 year fixed | 5.02% (fixed rates based on quarterly repayments) |
| 3 year fixed | 4.81% (fixed rates based on quarterly repayments) |
| 5 year fixed | 4.96% (fixed rates based on quarterly repayments) |
*Current interest rates drawn down from 1 October 2024.
Disaster Assistance Loan and Essential Working Capital Loan
| Eligible disaster | Interest rate | Application closing date |
|---|---|---|
| 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 |
| Northern and Central Queensland Monsoon and Flooding, 20 December 2022 – 30 April 2023 | 1.69% | 31 December 2024 |