Electric Programs >> Interest Rates

Rural Electrification Loan Interest Rates

Hardship Loan Rates - 5%
Municipal Loan Rates (Capped and Uncapped)
Treasury Loan Rates
FFB Guaranteed Loans

Information on these loan programs can be found on the Loans page.

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Hardship Loan Rate

On November 1, 1993, the Rural Electrification Loan Restructuring Act, Pub. L. 103-129, 107 Stat. 1356, (RELRA) amended the Rural Electrification Act of 1936, 7 U.S.C. 901 et seq., (RE Act) to establish a new interest rate structure for insured electric loans. Insured electric loans approved on or after this date, are either municipal rate loans or hardship rate loans. Borrowers meeting the criteria set forth in §1714.8 are eligible for 5 percent hardship rate loans.

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Municipal Interest Rates for the 3rd Quarter of CY 2008

In accordance with 7 CFR 1714.5, the interest rates are established as shown in the following table for all interest rate terms that begin at any time during the third quarter of calendar year 2008.

Interest Rate Term Ends in (Year....)	RUS Rate (0.000 percent)
2009	1.875
2010	2.125
2011	2.500
2012	2.750
2013	3.125
2014	3.250
2015	3.375
2016	3.500
2017	3.625
2018	3.750
2019	3.875
2020	3.875
2021	4.000
2022	4.125
2023	4.125
2024	4.250
2025	4.250
2026	4.375
2027	4.375
2028	4.375
2029 or later	4.500

Historical rates are available on our Historical Municipal Rates page.

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Treasury and Federal Financing Bank (FFB) Rates

The following list of interest rates for loans shall not constitute an offer or commitment to make a loan at these rates. The interest rates listed are illustrative only of the rates that would apply to funds advanced on the date identified here as the "Issue Date." These rates change daily.

    ISSUE DATE:  09/19/08

    09/18/08 TREASURY YIELD CURVE SEMIANNUAL RATES 
    3-mo   6-mo   1-yr   2-yr   3-yr   5-yr   7-yr  10-yr  20-yr  30-yr
    0.23   0.79   1.53   1.78   2.05   2.67   3.08   3.54   4.19   4.14

    APPROXIMATE FFB QUARTERLY RATES*
    3-mo   6-mo   1-yr   2-yr   3-yr   5-yr   7-yr  10-yr  20-yr  30-yr
    0.23   1.34   1.60   1.85   2.12   2.69   3.07   3.49   4.02   4.02

*These approximate FFB rates are based upon a common type of RUS loan in which the quarterly loan payments are derived by amortizing over 30 years, but the loan matures with a balloon payment at the maturity indicated in the column heading (for example, 10 years). The column headings are approximate maturity terms, since the loans end on quarterly payment dates.

Treasury rate loans are not available for terms less than one year.

For information as to available "Call Options" and their associated pricing spreads, please contact the Electric Program directly (Southern Regional Division, Northern Regional Division, Power Supply Division).

To obtain the latest  Federal Reserve Statistical Release of daily interest rates, you may use this link to go to the Federal Reserve Bank, where that information is available.  Historical rates are available on our Historical Treasury Rates page.