Discover if a RIC loan is right for you
Take our quick quiz to understand more about the eligibility criteria for each loan before considering whether to apply.
This tool is designed to be a simple guide only, it is not intended to be used as a self-assessment tool. RIC Agri Lending Specialists will assess individual circumstances to determine whether a RIC loan is suitable for your farm business.
All RIC loan applications are subject to eligibility checks, credit policies and lending assessment criteria.
Use this loan to:
- fund the purchase of an existing farm business
- buy out relatives during farm succession
- pay for legal costs or stamp duty
Use this loan to:
- refinance your debt
- diversify or enter new markets
- enhance your productivity
Use this loan to:
- prepare for drought
- fund drought management activities
- fund drought recovery activities
Use this loan to:
- pay operating costs
- buy fodder and cart water
- support transport needs
* Any changes to interest rates will be effective on 1 February and 1 August each year.
** Interest will accrue in the first 2 years to be paid within the 5-year loan term. Principal and interest repayments commence in year 3.
*** RIC does not charge application fees or ongoing loan management fees. Borrowers may need to pay third‑party costs associated with establishing, varying or managing their loan.
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