Concessional drought loans offering two years with no interest or repayments are now available
Minister for Drought and Rural Finance David Littleproud's media release 21 November 2019 can be downloaded below.
Drought loans through the Regional Investment Corporation have a new repayment schedule.
Loans of up to $2 million are interest and repayment free for the first two years.
Years 3 - 5 are interest only at a concessional rate, principal and interest for years 6 - 10 with an amount to be refinanced at the conclusion of the loan.
For more information visit ric.gov.au or call 1800 875 675.
Please see below link to the full media release.
