Farm on grassy hills

Farm investment loans

Loans to make your farm business stronger, more resilient and more profitable. 

​​​Who can apply

Eligible farm business owners

Amount

Up to $2 million

When

Apply anytime

Eligibility

You can apply for this loan if you solely or mainly sell products into supply chains that are interstate or outside Australia, or plan to in the future.

You

  • 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)
  • own or lease land and use it for farming purposes (includes agistment)

Your business

  • is in financial need of a loan
  • has the capacity to repay the loan
  • is financially viable in the long term
  • has existing commercial debt
  • 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

  • provide security for the loan
  • secure the support of your commercial lender for the proposed loan
  • repay the loan

Purpose

Strengthen your farm business. Take steps to access markets interstate or outside Australia. Prepare for, manage through or recover from drought.

Use this loan to

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

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

Amount Up to $2 million Term 10 years
Early settlement No fee Interest rate ​3.11% variable rate
Apply Anytime Application fee No fee
Extra repayments No fee Redraw Not available​

More 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

  • Australian Business Number (ABN)
  • financial history
  • identity documents
  • proof of your eligibility
  • your business cash flow budget

​​

Ask us a question

We are here to help

Apply

  1. Check the information you will need to provide.
  2. Talk to your commercial lender. Let them know you plan to apply for a RIC loan.
  3. Gather the required information. The more you provide, the faster we can assess your application.
  4. Submit your application to us at loans@service.RIC.gov.au or send to: Regional Investment Corporation, PO Box 796, Bendigo, VIC 3552.

If you have any questions we encourage you to talk to our loan assessment team. You can call them on 1800 875 675

You can complete this form on a computer (Fillable PDF) or you can print it and fill it in by hand. 

You are not able to save the form when opened in a browser.

To use the Fillable PDF application form you must download it to your desktop first. Right click on the link above and select 'save target as' or 'save link as' and download the form to your desktop. 

Open the form on your desktop using Acrobat Reader. Make sure you save the application form regularly as you are filling it in. The fillable PDF form will not function correctly when it is opened in a web browser or other software, for example Microsoft Edge, Chrome, Firefox, Preview.

You can download a free version of Adobe Acrobat Reader DC software.

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.

Help centre

Do you have a question?

Our online help and support centre may have the answer.

Browse our help topics.

Contact us

We are here to help.

Resources

Guidelines

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

Download:

​Application form

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

Download: Right click on the form and save on your local device as an Adobe Acrobat Document before you begin filling out the form.

​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.

Download:

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

Statutory Declaration

You may need to make a statutory declaration to support your application

Download:

Guarantor asset and liability statement

You may be required to provide a guarantor's asset and liability statement with your application.

Download:

 

Loan Types

You may also be eligible for drought support loans

Compare your loan options:

Download: