On 28 July 2026 the Minister for Primary Industries announced new Queensland drought declarations and the reinstatement of Drought Carry-on Finance Loans and Emergency Drought Assistance Loans for eligible Queensland primary producers. Full details of these loans will be available once administrative arrangements are finalised. Please monitor QRIDA’s website and social media channels for more information about when these loans will open to application and how to apply.
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Sustainability and First Start Loans
| Term | Interest rate* |
|---|---|
| Variable^ | 6.38% |
| 1 year fixed | 6.28% |
| 3 years fixed | 6.35% |
| 5 years fixed | 6.55% |
*Current interest rates drawn down from 1 November 2026.
^Variable rates are subject to change each month.
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Disaster Assistance Loan and Essential Working Capital Loans
| Eligible disaster | Interest rate | Application closing date |
|---|---|---|
| Queensland Monsoon Trough, Cyclone Koji, Cyclone Narelle and Severe Weather, 24 December 2025 - 24 April 2026 | 2.14% | 31 December 2027 |
| 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 |
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South Australia Drought Loans Scheme
| Term | Interest rate* |
|---|---|
| 10-Year Commonwealth Bond Rate | 4.64% |
*Current interest rates drawn down from 27 February 2026.
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