{"id":112630,"date":"2015-07-01T13:26:17","date_gmt":"2015-07-01T03:26:17","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=112630"},"modified":"2020-11-12T12:25:36","modified_gmt":"2020-11-12T02:25:36","slug":"qraa-loan-rates-drop","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2015\/07\/01\/qraa-loan-rates-drop\/","title":{"rendered":"QRAA Loan Rates Drop"},"content":{"rendered":"
\"\"<\/a>
QRAA Sustainability Loans or First Start Loans are designed to allow existing farms to expand – or help new entrants buy their first farm – at concessional long-term rates (Photo: QRAA)<\/figcaption><\/figure>\n

July 1, 2015<\/strong><\/p>\n

Primary producers can now access cheaper Sustainability and First Start Loans from the State Government following a cut in interest rates.<\/p>\n

QRAA Chief Executive Officer Colin Holden said the new fixed interest rates for loans drawn down from July 1 are:<\/p>\n

    \n
  • 1 year – 3.23 per cent (down from 3.72pc)<\/li>\n
  • 3 year – 3.26 per cent (down from 3.76pc)<\/li>\n
  • 5 year – 3.45 per cent (down from 3.88pc)<\/li>\n<\/ul>\n

    These rates are next scheduled for review on January 1, 2016.<\/p>\n

    Mr Holden said productivity loans were designed to give Queensland primary producers or aspiring producers the opportunity to take proactive steps in developing a sustainable and productive farm business through a Sustainability or First Start Loan.<\/p>\n

    Sustainability Loans allow producers to invest in projects such as property expansion, predator fencing, improved water infrastructure and more efficient irrigation systems.<\/p>\n

    First Start Loans support those aspiring to buy their first farm or become partners in the family farm.<\/p>\n

    Mr Holden said producers were strongly urged not to self assess their eligibility for loans.<\/p>\n

    He said QRAA Client Liaison Officers were available to meet on-farm to discuss loan criteria, terms and conditions and the application process.<\/p>\n

    Loans can be up to $650,000, with terms up to 20 years. There are no set-up or exit fees.<\/p>\n

    Joint lending is available for producers who need extra finance beyond $650,000<\/p>\n

    More information is available by phoning 1800-623-946.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Primary producers can now access cheaper Sustainability and First Start Loans from the State Government following a cut in interest rates.<\/p>\n","protected":false},"author":20,"featured_media":112677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[1134],"yoast_head":"\nQRAA Loan Rates Drop - southburnett.com.au<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2015\/07\/01\/qraa-loan-rates-drop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QRAA Loan Rates Drop - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"Primary producers can now access cheaper Sustainability and First Start Loans from the State Government following a cut in interest rates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2015\/07\/01\/qraa-loan-rates-drop\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-01T03:26:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-12T02:25:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/07\/20150701qraa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"385\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anne Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anne Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2015\/07\/01\/qraa-loan-rates-drop\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2015\/07\/01\/qraa-loan-rates-drop\/\",\"name\":\"QRAA Loan Rates Drop - 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