You are seeing this message because your browser does not support JavaScript or you have JavaScript disbaled. The 'jquery.js' script file referenced is a fast and concise JavaScript Library that simplifies HTML document traversing and event handling.

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 March 31, 2018
Maximum variable interest rate for loans made before January 27, 1981 4.75%
Maximum interest rate for variable rate loans executed on or after January 27, 1981 through October 21, 1985 4.75%
Maximum interest rate for variable rate loans executed on or after October 22, 1985 4.25%

The average bond equivalency rate for 91-day U.S. Treasury Bills during the period October 1, 2017
through December 31, 2017 was 1.241 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**
December 31, 2017 4.625% 4.625% 4.125%
September 30, 2017 4.5% 4.5% 4.0%
June 30, 2017 4.125% 4.125% 3.625%

* Legislation Amended – 12 percent annual interest cap repealed – quarterly interest rate on loans made on or after 1/27/1981 through 10/21/1985, became a floating rate based on 91-day T-Bill rate plus 3 1/2 percent,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






End of Page