Disaster Relief Loans - Primary Producers
Primary producers directly affected by a declared natural disaster who are in urgent and genuine need of assistance, may be eligible for low interest loans of up to $130,000.
This low interest rate loan can help a farm business to:
- continue to operate your farm businesses for the next twelve months or until the next income is received
- replace and repair damage caused to the property and associated improvements not covered by insurance.
Loan amount – maximum $130,000
Loan term – up to 10 years
Interest rate – 0.82%
Fees and charges - Security searches and registration, no ongoing fees or charges
Security - Registered Mortgage over the land. Other security, including a mortgage from another person may be considered
See the eligibility guidelines here: https://www.raa.nsw.gov.au/__data/assets/pdf_file/0004/274720/Natural-Disaster-Loan-Primary-Producers-Guidelines.pdf
For more information or to apply visit the Rural Assistance Authority website here: https://www.raa.nsw.gov.au/disaster-assistance/disaster-recovery-loans/primary-producers
Open Date: Sat 08/02/2020
Close Date: Fri 31/07/2020