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 2nd 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 second quarter of calendar year 2008.

Interest Rate Term Ends in (Year....)	RUS Rate (0.000 percent)
2029 or later	4.750
2028	4.750
2027	4.625
2026	4.625
2025	4.500
2024	4.500
2023	4.375
2022	4.375
2021	4.250
2020	4.125
2019	4.000
2018	3.875
2017	3.625
2016	3.500
2015	3.375
2014	3.250
2013	3.000
2012	2.750
2011	2.500
2010	2.125
2009	1.875

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:  05/09/08

    05/08/08 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
    1.66   1.74   1.91   2.25   2.47   2.99   3.34   3.79   4.55   4.50

    APPROXIMATE FFB QUARTERLY RATES*
    3-mo   6-mo   1-yr   2-yr   3-yr   5-yr   7-yr  10-yr  20-yr  30-yr
    1.66   1.78   1.95   2.28   2.49   2.98   3.31   3.73   4.36   4.37

*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.