Title

Current and Historic SELF Loan Interest Rates

Body

Interest rates for all phases of the SELF Loan program are listed below. Applications are currently only being accepted for SELF 7, the current active phase of the program.

Widgets

Current Index and Margin Information

Phase

Index

Current Margin

Phase 73-month SOFR2.00%, 2.25%, 2.50%
Phase 63-month SOFR2.25%
Phase 3, 4, 53-month LIBOR2.25%
Phase 291-day Treasury Bill2.00%

SELF 7 Interest Rates

Year

Term

Q1

Q2

Q3

Q4

2025

10 Year

15 Year

20 Year

6.30%

6.55%

6.80%

6.30%

6.55%

6.80%

  

2024

10 Year

15 Year

20 Year

7.40%

7.65%

7.90%

7.30%

7.55%

7.80%

7.30%

7.55%

7.80%

6.70%

6.95%

7.20%

SELF 2, 3, 4, 5, and 6 Interest Rates

Year

Phase

Q1

Q2

Q3

Q4

2025Phase 6
Phase 3, 4, 5
Phase 2		6.55%
7.05%
6.50%		6.55%
6.85%
6.25%		  
2024Phase 6
Phase 3, 4, 5
Phase 2		7.65%
7.95%
6.0%		7.55%
7.85%
6.25%		7.55%
7.85%
7.25%		6.95%
7.55%
7.00%
2023Phase 6
Phase 3, 4, 5
Phase 2		6.0%
5.2%
4.0%		6.0%
5.50%
4.25%		7.5%
7.0%
5.25%		7.9%
8.1%
6.0%

The variable interest index for SELF III, IV, and V transitioned from LIBOR on October 1, 2023 to the three-month United States Dollar IBOR Consumer Cash Fallbacks (CME Term SOFR).

2022Phase 6
Phase 3, 4, 5
Phase 2		2.2%
2.0%		3.0%
2.5%
2.25%		4.5%
4.0%
3.25%		6.00%
5.10%
4.00%
2021Phase 6
Phase 3, 4, 5
Phase 2		2.2%
2.0%		2.2%
2.0%		2.2%
2.0%		2.1%
2.0%
2020Phase 6
Phase 3, 4, 5
Phase 2		3.9%
3.5%		3.5%
3.0%		2.6%
2.25%		6.95%
7.55%
7.00%

All interest rates were 0% from 3-13-20 through 9-30-20 due to COVID-19.

2019Phase 3, 4, 5
Phase 2		4.6%
4.5%		4.7%
4.5%		4.5%
4.25%		4.2%
4.0%
2018Phase 3, 4, 5
Phase 2		3.8%
3.25%		3.9%
3.5%		4.3%
4.0%		4.3%
4.0%
2017Phase 3, 4, 5
Phase 2		3.5%
2.5%		3.5%
2.5%		3.6%
3.0%		3.7%
3.0%
2016Phase 3, 4, 5
Phase 2		3.4%
2.25%		3.4%
2.25%		3.4%
2.25%		3.4%
2.25%
2015Phase 3, 4, 5
Phase 2		3.2%
2.0%		3.3%
2.0%		3.3%
2.0%		3.3%
2.0%
2014Phase 3, 4, 5
Phase 2		3.2%
2.0%		3.2%
2.0%		3.2%
2.0%		3.2%
2.0%
2013Phase 3, 4, 5
Phase 2		3.3%
2.0%		3.3%
2.0%		3.3%
2.0%		3.3%
2.0%
2012Phase 3, 4, 5
Phase 2		4.0%
2.0%		4.0%
2.0%		3.5%
2.0%		3.4%
2.0%
2011Phase 3, 4, 5
Phase 2		3.8%
2.25%		3.8%
2.25%		3.8%
2.25%		3.8%
2.25%
2010Phase 3, 4, 5
Phase 2		3.8%
2.25%		3.8%
2.25%		3.8%
2.25%		3.8%
2.25%
2009Phase 3, 4, 5
Phase 2		5.7%
3.5%		4.7%
3.9%		4.3%
3.0%		3.9%
2.5%
2008Phase 3, 4, 5
Phase 2		7.0%
5.5%		6.0%
5.0%		5.8%
5.0%		5.9%
4.5%
2007Phase 3, 4, 5
Phase 2		7.7%
7.0%		7.4%
7.0%		7.4%
7.0%		7.4%
6.5%
2006Phase 3, 4, 5
Phase 2		7.5%
6.0%		7.9%
6.5%		7.9%
6.75%		8.1%
7.0%
2005Phase 3
Phase 2		5.6%
4.0%		6.1%
4.5%		6.6%
5.0%		7.1%
5.5%
2004Phase 3
Phase 2		4.2%
3.0%		4.4%
3.0%		4.6%
3.0%		5.1%
3.5%
2003Phase 3
Phase 2		4.3%
4.5%		4.3%
3.25%		4.2%
3.0%		4.1%
3.0%
2002Phase 3
Phase 2		n/a
6.25%		4.6%
5.0%		4.6%
4.25%		4.5%
4.25%
2001Phase 28.25%7%6.25%6.25%
2000Phase 26.5%7%7.75%8%
1999Phase 25.25%5.25%5.75%6%
1998Phase 26%6%5.75%5.75%
1997Phase 25.75%6%6%6%
1996Phase 26.75%6.25%6%6%
1995Phase 26.5%6.5%7%6.75%
1994Phase 24.75%4.5%5.5%6%
1993Phase 24.75%4.5%4.5%4.5%
1992Phase 26.75%5.75%5.5%5.25%
1991Phase 28.75%7.75%7.5%7.25%
1990Phase 29.5%9.5%9.5%9.25%
1989Phase 29.75%10.5%10.25%9.5%
1988Phase 2  8.25%9%