- Terms of three years or less. If the term of a debt instrument is three years or less, the applicable federal rate is the federal short-term rate.
- Terms of over three years but not over nine years. If the term of a debt instrument is over three years but not over nine years, the applicable federal rate is the federal mid-term rate.
- Terms of over nine years. If the term of a debt instrument is over nine years, the applicable federal rate is the federal long-term rate.
- For loans that do not have a specific term and are outstanding for at least a year, the Blended Annual Rate is used.
- The Blended Annual Rate for 2024 is 5.03%
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.05% | 4.01% | 3.99% | 3.98% |
| Mid-term (3 to 9 years) |
4.10% | 4.06% | 4.04% | 4.03% |
| Long-term (over 9 years) |
4.62% | 4.57% | 4.54% | 4.53% |
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.16% | 4.12% | 4.10% | 4.09% |
| Mid-term (3 to 9 years) |
4.21% | 4.17% | 4.15% | 4.13% |
| Long-term (over 9 years) |
4.61% | 4.56% | 4.53% | 4.52% |
The Section 7520 rate is 5.40%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
3.26% | 3.23% | 3.22% | 3.21% |
| Mid-term (3 to 9 years) |
3.38% | 3.35% | 3.34% | 3.33% |
| Long-term (over 9 years) |
3.64% | 3.61% | 3.59% | 3.58% |
The Section 7520 rate is 5.40%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
3.29% | 3.26% | 3.25% | 3.24% |
| Mid-term (3 to 9 years) |
3.42% | 3.39% | 3.38% | 3.37% |
| Long-term (over 9 years) |
3.67% | 3.64% | 3.62% | 3.61% |
The Section 7520 rate is 5.20%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.33% | 4.28% | 4.26% | 4.24% |
| Mid-term (3 to 9 years) |
4.24% | 4.20% | 4.18% | 4.16% |
| Long-term (over 9 years) |
4.53% | 4.48% | 4.46% | 4.44% |
2024 Monthly Federal Rates
The Blended Annual Rate for 2024 is 5.03%.
December 2024
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.30% | 4.25% | 4.23% | 4.21% |
| Mid-term (3 to 9 years) |
4.18% | 4.14% | 4.12% | 4.10% |
| Long-term (over 9 years) |
4.53% | 4.48% | 4.46% | 4.44% |
November 2024
The Section 7520 rate is 4.40%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.00% | 3.96% | 3.94% | 3.93% |
| Mid-term (3 to 9 years) |
3.70% | 3.67% | 3.65% | 3.64% |
| Long-term (over 9 years) |
4.15% | 4.11% | 4.09% | 4.08% |
October 2024
The Section 7520 rate is 4.40%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.21% | 4.17% | 4.15% | 4.13% |
| Mid-term (3 to 9 years) |
3.70% | 3.67% | 3.65% | 3.64% |
| Long-term (over 9 years) |
4.10% | 4.06% | 4.04% | 4.03% |
September 2024
The Section 7520 rate is 4.80%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.57% | 4.52% | 4.49% | 4.48% |
| Mid-term (3 to 9 years) |
4.02% | 3.98% | 3.96% | 3.95% |
| Long-term (over 9 years) |
4.37% | 4.32% | 4.30% | 4.28% |
August 2024
The Section 7520 rate is 5.20%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.95% | 4.89% | 4.86% | 4.84% |
| Mid-term (3 to 9 years) |
4.34% | 4.29% | 4.27% | 4.25% |
| Long-term (over 9 years) |
4.52% | 4.47% | 4.46% | 4.43% |
July 2024
The Section 7520 rate is 5.40%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
3.84% | 3.80% | 3.78% | 3.77% |
| Mid-term (3 to 9 years) |
3.40% | 3.37% | 3.36% | 3.35% |
| Long-term (over 9 years) |
3.49% | 3.46% | 3.45% | 3.44% |
June 2024
The Section 7520 rate is 5.60%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.12% | 5.06% | 5.03% | 5.01% |
| Mid-term (3 to 9 years) |
4.66% | 4.61% | 4.58% | 4.57% |
| Long-term (over 9 years) |
4.79% | 4.73% | 4.70% | 4.68% |
May 2024
The Section 7520 rate is 5.40%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.97% | 4.91% | 4.88% | 4.86% |
| Mid-term (3 to 9 years) |
4.42% | 4.37% | 4.35% | 4.33% |
| Long-term (over 9 years) |
4.55% | 4.50% | 4.47% | 4.46% |
April 2024
The Section 7520 rate is 5.20%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
3.70% | 3.67% | 3.65% | 3.64% |
| Mid-term (3 to 9 years) |
3.26% | 3.23% | 3.22% | 3.21% |
| Long-term (over 9 years) |
3.37% | 3.34% | 3.33% | 3.32% |
March 2024
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.71% | 4.66% | 4.63% | 4.62% |
| Mid-term (3 to 9 years) |
4.13% | 4.09% | 4.07% | 4.06% |
| Long-term (over 9 years) |
4.40% | 4.35% | 4.33% | 4.31% |
February 2024
The Section 7520 rate is 4.80%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.68% | 4.63% | 4.60% | 4.59% |
| Mid-term (3 to 9 years) |
3.98% | 3.94% | 3.92% | 3.91% |
| Long-term (over 9 years) |
4.18% | 4.14% | 4.12% | 4.10% |
January 2024
The Section 7520 rate is 5.20%
| The AFRs are as follows: | Annual | Semi-annual | Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.00% | 4.94% | 4.91% | 4.89% |
| Mid-term (3 to 9 years) |
4.37% | 4.32% | 4.30% | 4.28% |
| Long-term (over 9 years) |
4.54% | 4.49% | 4.47% | 4.45% |