The policy covers up to 50% of the interest payable on new and existing loans for the first year of EC declaration, and the rate of subsidy can increase up to 80% for subsequent years. The maximum payment is AUD 100 000 for any 12-month period and AUD 500 000 for five-year period. On the other hand, ECRP is a welfare payment that intends to assist day-to-day family and personal living expense.