Lending rates on and after 8 November for quota loans. ...
Lending rates on and after 8 November for quota loans.
1 year 6 3/4 Over 1 up to 2 years 7 7 8 Over 2 up to 3 years 7 3/4 7 3/4 8 5/8 Over 3 up to 4 years 8 1/4 8 1/4 8 7/8 Over 4 up to 5 years 8 1/2 8 5/8 9 Over 5 up to 6 years 8 3/4 8 3/4 9 1/8 Over 6 up to 7 years 8 7/8 8 7/8 9 1/4 Over 7 up to 8 years 9 9 9 3/8 Over 8 up to 9 years 9 9 1/8 9 3/8 Over 9 up to 10 years 9 1/8 9 1/8 9 3/8 Over 10 up to 15 years 9 3/8 9 3/8 9 1/2 Over 15 up to 25 years 9 1/2 9 1/2 9 1/4 Over 25 years 9 3/8 9 1/4 9 1/4
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 5/8 Over 1 up to 2 years 6 7/8 6 7/8 7 7/8 Over 2 up to 3 years 7 5/8 7 5/8 8 1/2 Over 3 up to 4 years 8 1/8 8 1/8 8 3/4 Over 4 up to 5 years 8 3/8 8 1/2 8 7/8 Over 5 up to 6 years 8 5/8 8 5/8 9 Over 6 up to 7 years 8 3/4 8 3/4 9 Over 7 up to 8 years 8 7/8 8 7/8 9 1/8 Over 8 up to 9 years 8 7/8 9 9 1/8 Over 9 up to 10 years 8 7/8 9 9 1/8 Over 10 up to 15 years 9 1/8 9 1/8 9 1/8 Over 15 up to 25 years 9 1/8 9 1/8 8 7/8 Over 25 years 9 8 7/8 8 7/8 'HIGHER' QUOTA RATES EIP ANN MAT
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