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Turf QLD Industry Alert |Application period for Farm Finance Concessional Loans Scheme (Queensland) extended to 30 June 2015.

Application period for Farm Finance Concessional Loans Scheme (Queensland) extended to 30 June 2015.

Queensland farm businesses experiencing debt servicing difficulties now have until 30 June 2015 to apply for concessional loans of up to $1 million to restructure their existing debt.

Australian Government Minister for Agriculture, Barnaby Joyce, and Queensland Minister for Agriculture and Fisheries, Bill Byrne, agreed to extend the application closing date to allow Queensland farm businesses more time to take advantage of the loans scheme. The extension provides Queensland farm businesses with extra time to consider the benefits of the loans and submit their applications to QRAA for assessment.

There will be no change in the conditions of the loans with applicants still able to take advantage of an interest rate of 4.34 per cent and interest only terms of up to five years.

Key features of the loan

  • loans of up to $1 million for eligible farm businesses to restructure existing farm business debt
  • loan terms of up to five years
  • Concessional Loan amounts will be less than 50 per cent of the total eligible debt of the farm business
  • variable concessional interest rate currently set at 4.34 per cent from 1 February 2015
  • interest only payments are available for up to five years
  • fully repayment of loans required at the end of the loan term
  • the availability of loans is subject to funds being available. The Scheme is capped at $30 million in 2014-15. No more loans will be offered once this cap is reached.

Contact us…

QRAA Head Office Freecall 1800 623 946
For further information about the assistance please visit
How else can QRAA assist you?

Farm businesses in some districts may also be eligible for additional finance under the Australian Government’s Drought Concessional Loans Scheme and/or Drought Recovery Concessional Loans Scheme.

Is there someone you know who would benefit from information QRAA’s loan schemes? If so, please forward this email to them.


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