20 April 2026
Australian banks are supporting the roll-out of zero interest loans under the National Reconstruction Fund’s $1 billion Economic Resilience Program, with applications now open.
Banks will administer zero interest loans to businesses in identified priority sectors with an annual turnover of $100 million or less seeking a loan of up to $5 million.
ABA CEO Simon Birmingham said banks recognised this was a challenging time for many businesses grappling with higher fuel costs and supply chain disruptions.
“Banks are stepping up to support the roll-out of these zero interest loans to businesses who are doing it tough as a result of the current conflict in the Middle East,” Mr Birmingham said.
“This will be important support for impacted businesses in areas such as freight and logistics, fuel, fertiliser and plastics manufacturing.
“Business customers are urged to get in touch with their bank to discuss eligibility for these loans and how they can apply.”
Mr Birmingham also said while not all businesses would be eligible for these government supported loans, other forms of temporary assistance was available.
“Banks have specialist teams ready to support customers across the country who may be struggling with a variety of challenges such as higher loan repayments, cost pressures or supply chain disruptions.
“Whether you are an individual customer or a business, banks stand ready with practical support measures to help you navigate this difficult period.
“You don’t have to tough it out on your own. Get in touch with your bank to discuss what support options might be available to you.”
Depending on individual circumstances, temporary assistance may include:
- Moving a customer to interest-only payments for a period.
- Deferring payments temporarily.
- Reducing or waiving fees for customers in hardship.
- Restructuring the length of a loan to lower monthly repayments.
- Providing flexible access to savings and term deposit products to support short term cash flow needs.
- Emergency credit limit increases or temporary overdrafts.
Banks initially participating in the $1 billion Economic Resilience Program include ANZ, Commonwealth Bank, National Australia Bank, Westpac, Bendigo Bank and Bank of Queensland. More lenders are expected to be added to the program over time.
To find out more about these loans and how to apply, click here.
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