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HEAL Interest Rates


Below is information on the maximum interest rates for HEAL Program loans. The information is separated into two sections—Current Maximum Interest Rates and Maximum Interest Rates for Previous Three Quarters.


Current Maximum Interest Rates

Maximum Interest Rates for Quarter Ending September 30, 2016
Maximum variable interest rate for loans made before January 27, 1981 3.875%
Maximum interest rate for variable rate loans executed on or after January 27, 1981 through October 21, 1985 3.875%
Maximum interest rate for variable rate loans executed on or after October 22, 1985 3.375%

The average bond equivalency rate for 91-day U.S. Treasury Bills during the period April 1, 2016
through June 30, 2016 was 0.269 percent.


Maximum Interest Rates for Previous Three Quarters

Rates for Quarter Ending Loans Made Prior to 1/27/1981 Loans Made On or After 1/27/1981* Loans Made On or After 10/22/1985**
June 30, 2016 3.875% 3.875% 3.375%
March 31, 2016 3.75% 3.75% 3.25%
December 31, 2015 3.625% 3.625% 3.125%

* Legislation Amended – 12 percent annual interest cap repealed – quarterly interest rate on loans made on or after 1/27/1981 through 10/21/1985, became a floating rate based on 91-day T-Bill rate plus 3 1/2 percent, rounded to the next higher 1/8 of one percent.

** Legislation Amended – variable interest rate calculation amended – quarterly interest rate on loans made on or after 10/22/1985 became a floating rate based on 91-day T-Bill rate plus 3 percent, rounded to the next higher 1/8 of one percent.






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