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 Dec. 31, 2021

Maximum variable interest rate for loans made before Jan. 27, 1981

3.625%

Maximum interest rate for variable rate loans executed on or after Jan. 27, 1981 through Oct. 21, 1985

3.625%

Maximum interest rate for variable rate loans executed on or after Oct. 22, 1985

3.125%

The average bond equivalency rate for 91-day U.S. Treasury Bills during the period July 1, 2021 through Sept. 30, 2021 was .049 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'

Sept. 30, 2021

3.625%

3.625%

3.125%

June 30, 2021

3.625%

3.625%

3.125%

March 31, 2021

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* Legislation Amended – 12 percent annual interest cap repealed – quarterly interest rate on loans made on or after 1/27/1981 through 10/21/1985, became a floating rate based on 91-day T-Bill rate plus 3 1/2 percent,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

Last Modified: 10/20/2021 • Published: 03/28/2021