Interest rate

View the current interest rates for QRIDA loans.

QRIDA interest rate
Sustainability and First Start Loans*
TermInterest rate
Variable5.71%
1 year fixed5.16%
3 years fixed5.34%
5 years fixed5.60%

*Current interest rates drawn down from 1 March 2025.

Drought Carry-On Finance Loan and Drought Ready and Recovery Finance Loan*
TermInterest rate (MONTHLY REPAYMENTS)Interest rate  (QUARTERLY REPAYMENTS)Interest rate  (HALF-YEARLY REPAYMENTS)
Variable^5.51%5.51%5.51%
1 year fixed4.95%4.96%4.98%
3 years fixed5.13%5.14%5.17%
5 years fixed5.37%5.39%5.41%

*Current interest rates drawn down from 1 March 2025

^Variable rates are subject to change each month.

Disaster Assistance Loan and Essential Working Capital Loan
Eligible disasterInterest rateApplication closing date
Tropical Cyclone Alfred and Severe Weather, commencing 1 March 20252.14%31 December 2026
North and Far North Tropical Low, commencing 29 January 20252.14%31 December 2026
Southern Summer Rainfall and Flooding, 9 December 2024 - 14 January 20252.14%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 20241.79%31 December 2025
Tropical Cyclone Jasper, 13 - 28 December 20231.79%31 December 2025
Northern Queensland Bushfires, 18 October - 8 December 20231.79%31 December 2025
Southern Queensland fires, 8 September - 7 November 20231.79%31 December 2025

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Last updated: 13 March 2025

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