RIC Ready Toolkit
Before you apply take a few minutes to review our RIC Ready Toolkit - understand your eligibility, loan requirements and application process. Our toolkit can help you prepare a stronger application and save time later.
Step 1. Check your eligibility
Find out if a RIC loan is right for you. Use our eligibility tools to understand the key requirements before applying.
Answer a few simple questions to determine whether you may be eligible for a RIC loan.
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Make sure your farm business operates in an eligible industry.
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Learn more about the eligibility criteria and common questions applicants ask before applying.
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Find answers to common questions about eligibility and the application process.
Step 2. Get ready to apply
Understand how a RIC loan works, what you’ll need to apply and what to consider before you start.
Read our Get RIC Ready top tips below:
- Understand eligibility criteria before applying: RIC loans are not for everyone
- Don't self-assess: call us if you're unsure, we know farming, finance and regional Australia
- Talk to your trusted adviser: RFCS, accountant, financial planner, solicitor
- Contact your commercial lender/bank: you must have commercial debt to apply for a RIC loan, discuss RIC loans as an option
- Include the right documents when you apply: Statement of Position, 3 years’ financial statements, Business Cash Flow Budget, and refer to the document checklist on the website
- Remember this is a loan: security is required, you have to meet loan repayments with variable interest rates
- Contact us early: once you have a RIC loan, you must inform us if want to make any changes such as, loan payment cycle, security and contact details.
- The earlier you contact us the better!
Step 3. Read the guidelines
Read our loan guidelines. RIC Agri Lending Specialists will assess your loan application based on criteria set out in our guidelines.
What's next?
Click on how to apply below to check what you need before starting an application.
What if a RIC loan is not right for you?
Explore options for other farm business financial support including grants, subsidies, tax concessions, financial counselling and wellbeing programs.
Ask a question
Get in touch if you have questions about your eligibility for RIC loans.