Farming family at sheep yard.

Our loans

Loans to make your farm business stronger, 

more resilient and more profitable. 

Which loan is right for you?

For first-time farmers and succession planning
AgriStarter Loan
AgriStarterthumb
AgriStarter Loan
To assist in buying or establishing a new farm and for farm succession arrangements
$2m
Maximum amount
3.04%
Variable rate
10
Year term
5
Years interest only

Use this loan to:

  • fund the purchase of an existing farm business
  • buy out relatives during farm succession
  • pay for legal costs or stamp duty
For farmers who want to invest in a better future
Farm Investment Loan
Children and adults standing among crop field
Farm Investment Loan
Strengthen your farm business to access markets interstate or outside Australia
$2m
Maximum amount
3.04%
Variable rate
10
Year term
5
Years interest only

Use this loan to:

  • refinance your debt
  • pay your operating expenses
  • enhance your productivity
Help your farm prepare, manage and recover through drought
Drought Loan
Drought image
Drought Loan
For drought preparedness, management and recovery activities
$2m
Maximum amount
3.04%
Variable rate
10
Year term
5
Years interest only

Use this loan to:

  • prepare for drought
  • fund drought management activities
  • fund drought recovery activities
For drought-affected farm-related small businesses
AgBiz Drought Loan
agbiz
AgBiz Drought Loan
For farm-related small businesses to manage and recover from drought
$500k
Maximum amount
3.04%
Variable rate
10
Year term
5
Years interest only

Use this loan to: 

  • pay your operating expenses 

  • refinance your debt 

  • pay suppliers, salaries, wages and rent

Encouraging new plantations and replanting bushfire-damaged plantations
Plantation Loan
Man working in forest
Plantation Loan
To support new plantations and the replanting of bushfire-damaged plantations
$2.5m
Maximum amount
2.62%
Variable rate
20
Year term
13
Years interest only

Use this loan to:

  • purchase land to develop a plantation
  • replant a bushfire-damaged plantation
  • pay for labour hire / contract planting fees

Loan processing timeframes

Eighty-five per cent of new loan applications are being processed by the RIC within 30 days (excluding third party processing timeframes).

Common questions

Any change in loan program interest rates will take effect from 1 February or 1 August each year.

A farm business must be involved within the agricultural, horticultural, pastoral, beekeeping (apicultural) or aquacultural industries as provided for under RIC’s program guidelines and undertake all primary production aspects of the business wholly within Australia. 

The eligible primary production activities undertaken by a farm business to access RIC’s Farm Business loans, are those listed as part of the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (Revision 2.0) codes for agriculture and aquaculture, with some exceptions. 

View the details of primary production activities identified in DIVISION A – AGRICULTURE, FORESTRY AND FISHING of the industry classifications. 

Read more about eligible industries

If you’ve submitted a loan application, or your loan has been settled, you can send us updated information by submitting a Variation Request.

Submit a Variation Request

If you disagree with our decision on your loan application, you can request a review of that decision. 

You must submit the request for a review in writing to us within 30 business days of receipt of the decision notification. 

Submit a Decision Review Request

Contact us

We’re here to help with your loan application.

Call us on 1800 875 675.

Email us through our online contact form.