Register for new loan updates
The Australian Government recently announced new loan products to be delivered by RIC including the Marine Harmful Algal Bloom and Marine Heatwave Loan, now to be known as the Marine Recovery Loan and Drought Hardship Loan.
The Marine Recovery Loan will support wild catch fishing and aquaculture businesses facing financial pressure due to marine slow-onset significant ecological events.
The Drought Hardship Loan will support farm businesses manage through and recover from prolonged and severe drought. 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.
Drought Hardship Loan
- Help with operating costs for long-term drought
- For farm businesses in drought for at least 24 months and expect to be for another season
- Borrow up to $250,000
- Current variable interest rate is 5.18%
- 5-year loan term
- No interest payments in the first two years.
- Interest will accrue, with principal and interest repayments to commence from Year 3 of the 5-year loan term.
- 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.