Register for new loan updates
The Australian Government recently announced new loans to be delivered by RIC including a Marine Recovery Loan and Drought Hardship Loan.
The Drought Hardship Loan is to support eligible farm businesses to manage through and recover from prolonged drought.
Drought Hardship Loan applications are now open, and more information is available at ric.gov.au/drought-hardship.
The Marine Recovery Loan will support wild catch fishing and aquaculture businesses facing financial impact due to marine slow-onset significant ecological events.
Marine Recovery Loan applications are expected to open in the first half of 2026.
Marine Recovery Loan
- Help to manage through and recover from the South Australian algal bloom
- For South Australian wild catch fishers and aquaculture businesses that have experienced a significant financial impact due to the South Australian marine harmful algal bloom.
- Borrow up to $250,000
- Current variable interest rate is 5.18%
- 10-year loan term
- 5 years interest only, principal and interest repayments for the remainder of the loan term
- Use this loan to refinance your debt, pay operating expenses, capital expenditure
- Eligibility, credit and risk assessment criteria apply.
Register for updates and further information about eligibility criteria and how to apply as soon as it is available.