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PUBLIC WORKS LOAN BOARD RATE OF INTEREST TO LOCAL AUTHORITIES

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Lending rates on and after 12 November for quota loans. ...
Lending rates on and after 12 November for quota loans.

M = repayable by maturity. A = repayable by annuity. EIP = equal instalments principle. The margin for both 'lower' and 'higher' variable quota rates is 1/8%. Non-Quota loans - made under the non-quota A and B arrangements set out in PWLB circular No.104 will bear interest at 1% and 2% respectively above the corresponding 'lower' quota rates. 'LOWER' QUOTA RATES EIP ANN MAT

1 year 6 1/4 Over 1 up to 2 years 6 1/2 6 1/2 6 7/8 Over 2 up to 3 years 6 3/4 6 3/4 7 1/8 Over 3 up to 4 years 7 7 7 1/4 Over 4 up to 5 years 7 1/8 7 1/8 7 3/8 Over 5 up to 6 years 7 1/8 7 1/4 7 1/2 Over 6 up to 7 years 7 1/4 7 1/4 7 1/2 Over 7 up to 8 years 7 1/4 7 3/8 7 5/8 Over 8 up to 9 years 7 3/8 7 3/8 7 5/8 Over 9 up to 10 years 7 3/8 7 3/8 7 3/4 Over 10 up to 15 years 7 5/8 7 5/8 7 7/8 Over 15 up to 25 years 7 7/8 8 8 Over 25 years 8 8 8 'HIGHER' QUOTA RATES EIP ANN MAT

1 year 6 3/8 Over 1 up to 2 years 6 1/2 6 1/2 7 Over 2 up to 3 years 6 7/8 6 7/8 7 1/4 Over 3 up to 4 years 7 7 1/8 7 3/8 Over 4 up to 5 years 7 1/8 7 1/8 7 3/8 Over 5 up to 6 years 7 1/4 7 1/4 7 1/2 Over 6 up to 7 years 7 1/4 7 3/8 7 5/8 Over 7 up to 8 years 7 3/8 7 3/8 7 3/4 Over 8 up to 9 years 7 3/8 7 1/2 7 7/8 Over 9 up to 10 years 7 1/2 7 1/2 7 7/8 Over 10 up to 15 years 7 3/4 7 7/8 8 1/8 Over 15 up to 25 years 8 8 1/8 8 1/8 Over 25 years 8 1/8 8 1/8 8 1/8
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