January 11, 2016
QRAA Chief Executive Officer Cameron MacMillan has announced low interest rates for the State Government’s Sustainability and First Start Loans for primary producers.
Fixed interest rates for loans drawn down from January 1, 2016, are now 3.39 per cent for one year, 3.38 per cent for three years and 3.56 per cent for five years.
Queensland primary producers can also access Productivity Loans of up to $650,000 to improve the viability of their primary production enterprise.
The loans have no set up or exit fees and repayment terms of up to 20 years.
The option of joint lending with commercial banks is also available for producers who need extra finance beyond the maximum productivity loan amount of $650,000.
Producers wishing to apply must ensure they submit complete applications, as applications are assessed in order of receipt and only complete applications can enter the assessment queue.
Producers have also been urged by the QRAA not to self-assess their eligibility for loans.
QRAA Client Liaison Officers are available to meet on-farm to discuss the loan criteria, terms and conditions and assist with the application process.
For more information, call the QRAA on 1800-623-946.
