You can only apply for this loan if you are in an eligible area of Australia.


  • are an Australian citizen or permanent resident
  • contribute at least 75% of your labour to the farm business (under normal circumstances)
  • earn at least 50% of your income from the farm business (under normal circumstances)

Your business

  • is in financial need of a loan
  • has the capacity to repay the loan
  • has existing commercial debt
  • is financially viable in the long term
  • is in the agriculture, horticulture, pastoral, apiculture, or aquaculture industry
  • is registered for tax purposes in Australia with an ABN and is registered for GST
  • operates as a sole trader, trust, partnership or private company
  • is not under external administration or bankruptcy

You must

  • have a drought management plan
  • provide security for the loan
  • secure the support of your commercial lender for the proposed loan
  • repay the loan


Prepare for drought. Manage or recover from the effects of drought.

Use this loan to​

  • fund drought-related activities
  • refinance your debt
  • enhance your productivity
  • pay for operating expenses or capital

You cannot use this loan for

  • non-farm assets and expenses
  • paying out dividends or equity to owners
  • reimbursement for depreciation of assets
  • tax or other statutory payments
  • your own labour costs
  • anything that you have already received government funding for (except to refinance debt from a previous concessional loan)
  • any other non-eligible use listed in the loan guidelines

Loan terms

Quick facts

AmountUp to $2 million Term10 years
Early settlementNo fee Interest rate​3.58% variable rate
ApplyAnytime Application feeNo fee
Extra repaymentsNo fee RedrawNot available​

Additional terms

Percentage of total debt — at least 50% of your total debt must stay with a commercial lender.

Frequency of repayments — tailored to the cash flow of the farm business.​

Repayment structure — first 5 years interest only, then principal and interest for remainder of the 10 year term. After 10 years, you can refinance any remaining balance with a commercial lender.

Full terms and conditions are available in the loan guidelines.

Before you apply

You need to check

You need to have

Ask us a question

We are here to help


It can take a few hours to gather your documents and complete your application form. You can seek help from an advisor or your local Rural Financial Counselling Service.​

Email your completed form and all required documents to loans@service.RIC.gov.au.

Download the application form (PDF 587​​KB)

Help and support

After you apply

We will assess your application against the criteria in the loan guidelines​.

We may contact you by phone or email to discuss your application, if needed. We will write to you to confirm the outcome of your application.

Reviewing a decision

You can request a review of the loan decision in writing. Check the loan guidelines for details of what to include in your request for review.

Send your request for review by email or post.

Email: RIC@agriculture.gov.au

Loans Review ​Officer
Regional Investment Corporation
c/o Department of Agriculture and Water Resources
GPO Box 858
​Canberra ACT 2601

Contact us

We are here to help.



Read the detail on who can apply for a loan and what happens after you apply.


Application form

Complete the application form and send it with supporting documents to loans@service.RIC.gov.au.


​Drought management plan

You must include a drought management plan with your application.

Your plan must outline how you will use the loan to prepare for, manage through or recover from drought.

You can:

  • attach your own plan to your application
  • ​use the template included in the application form
  • use the standalone template


​Cash flow budget

You must include your business cash flow budget with your application.

We will use this to help assess your financial position, and your ability to repay the loan.

If you do not have your own budget spreadsheet, you can use our template.


This template may not meet government accessibility requirements. Contact us for help.

Loan Types

You may also be eligible for drought support loans

Compare your loan options:


Eligible area

Your farm business must be in an eligible area.

These are ‘affected areas’ as defined by the United Nations Convention to Combat Desertification.

Check our map to see if your farm business is in an eligible area. ​​​You must include a copy of this map showing your location when you apply.

Find your location

  1. Enter your address or GPS coordinates into the search bar.
  2. Use the zoom function (– and +) until you can see the boundaries of your entire farm business.

Print or save your map

  1. Select the print icon to activate the ‘Print’ pop-up box.
  2. Add a custom title (e.g. your farm business address).
  3. Open the print dropdown menu and choose MAP_ONLY. Your map may take a few minutes to generate.
  4. Select the Printout link to print a copy or save it to your computer.
  5. To save, right click on the image and select the option to save picture as.
  6. If you are having trouble printing your map, save it to your computer first.

Map of eligible areas in Australia​