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PUBLIC WORKS LOAN BOARD RATES OF INTEREST TO LOCAL

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AUTHORITIES ...
AUTHORITIES

Lending rates on and after 4 May 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% repectively above the corresponding 'lower' quota rates.

LOWER QUOTA RATES One year rates are currently on a maturity basis: 5 3/8

Over 1 up to 2 EIP 5 5/8 A 5 3/4 M 6 5/8

Over 2 up to 3 EIP 6 3/8 A 6 3/8 M 7 3/8

Over 3 up to 4 EIP 6 7/8 A 6 7/8 M 7 3/4

Over 4 up to 5 EIP 7 1/8 A 7 1/4 M 8

Over 5 up to 6 EIP 7 1/2 A 7 1/2 M 8 1/8

Over 6 up to 7 EIP 7 5/8 A 7 3/4 M 8 1/4

Over 7 up to 8 EIP 7 7/8 A 7 7/8 M 8 3/8

Over 8 up to 9 EIP 8 A 8 M 8 3/8

Over 9 up to 10 EIP 8 A 8 1/8 M 8 3/8

Over 10 up to 15 EIP 8 3/8 A 8 3/8 M 8 3/8

Over 15 up to 25 EIP 8 3/8 A 8 3/8 M 8 3/8

Over 25 EIP 8 3/8 A 8 3/8 M 8 3/8

HIGHER QUOTA RATES One year rates are currently on a maturity basis: 5 1/2

Over 1 up to 2 EIP 5 3/4 A 5 7/8 M 6 3/4

Over 2 up to 3 EIP 6 1/2 A 6 1/2 M 7 1/2

Over 3 up to 4 EIP 7 A 7 M 7 7/8

Over 4 up to 5 EIP 7 1/4 A 7 3/8 M 8 1/8

Over 5 up to 6 EIP 7 5/8 A 7 5/8 M 8 3/8

Over 6 up to 7 EIP 7 3/4 A 7 7/8 M 8 1/2

Over 7 up to 8 EIP 8 A 8 M 8 5/8

Over 8 up to 9 EIP 8 1/8 A 8 1/4 M 8 3/4

Over 9 up to 10 EIP 8 1/4 A 8 3/8 M 8 3/4

Over 10 up to 15 EIP 8 5/8 A 8 3/4 M 8 3/4

Over 15 up to 25 EIP 8 3/4 A 8 3/4 M 8 3/4

Over 25 EIP 8 3/4 A 8 3/4 M 8 3/4.

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