Wangaratta Floods and Storms Concessional Loans

Concessional interest rate loans are now available to eligible primary producers, small business and not-for-profit organisations in the Wangaratta Local Government Area that have been affected by the December 2018 floods and storms event.

If you have suffered significant damage to assets as a direct result of the December 2018 floods and storms event or suffered a significant loss of income, you may seek loan assistance.

Loan amounts and eligibility criteria are contained in the attached factsheet.

The applicable concessional interest rate for loans is 0.82% for the 2019/20 financial year. This rate is subject to an annual review over the 5 year concessional interest rate period (loans revert to a commercial rate of interest after the concessional 5 year period).

Application fees will not apply however statutory costs and other charges to establish loan securities will apply.

Applications for loan assistance close on 22 May 2020.

Applicants are encouraged to contact our Bendigo office on 1800 260 425 to discuss their needs.