QTPA Member Alert |New interest rates announced by QRAA for Productivity Loans

New interest rates announced by QRAA for Productivity Loans

QRAA Chief Executive Officer, Colin Holden has announced the new interest rates for the Queensland Government’s Sustainability and First Start Loans for primary producers.

Productivity Loans of up to $ 650,000 can be accessed to take proactive steps to mitigate the effects of climate and market risks, expand and diversify operations and generally improve productivity and sustainability.

The new fixed interest rates for loans drawn down from 1 July 2014 are:

Interest rates are subject to change 1 January 2015.

Sustainability and First Start Loans are available to primary producers in need all over Queensland – no lines on maps or other geographical limitations apply.

The loans have no set up or exit fees and repayment terms of up to 20 years. The option of joint lending with commercial banks is also available for producers who need additional finance beyond the maximum productivity loan amount of $ 650,000.

Producers wishing to apply must ensure they submit complete applications, as applications are assessed in order of receipt and only complete applications can enter the assessment queue.

Producers should not self assess – QRAA Client Liaison Officers are available to meet on-farm to discuss the loan criteria, terms and conditions and the application process.

For further information visit www.qraa.qld.gov.au or contact us on Freecall 1800 623 946.

The Sustainability and First Start Loans are an initiative of the Queensland Government’s Primary Industry Productivity Enhancement Scheme administered by QRAA.
For further information about QRAA’s latest interest rates or details on any of QRAA’s range of products and services, please visit www.qraa.qld.gov.au or contact QRAA on Freecall 1800 623 946.