Home

Interest on your loan

Please choose whether you would like to know the current interest rates or find out historical interest rates.

Current interest rates
Historical interest rates

Current interest rates

Please select the type of loan you would like to know the interest rate for:

Income based loans
Fixed term loans

Income based loans

What is the current interest rate?

Interest is charged at 1.5% from 1 September 2010

How does this affect my repayments?

The amount you repay is determined by how much you earn so your repayments are not affected by the change in interest rate.

Does this rate apply to all my loans?

This rate applies to all income based loans, including those paid out to students currently studying at university or college.

Fixed term loans

What is the current interest rate?

Interest is charged at 4.4% from 1 September 2010 to 31 August 2011.

Does this rate apply to all my loans?

This rate applies to all mortgage style loans. If you also have any income based loans, they may have a different interest rate applied. For more information, see the section about Income based loans.

Historical interest rates

Income based loans

Year	APR(%)
2010/11	1.5
2009/10	0.0
6 March 2009 - 31 August 2009	1.5
6 February 2009 - 5 March 2009	2.0
9 January 2009 - 5 February 2009	2.5
5 December 2008 - 8 January 2009	3.0
1 September 2008 - 4 December 2008	3.8
2007/08	4.8
2006/07	2.4
2005/06	3.2
2004/05	2.6
2003/04	3.1
2002/03	1.3
2001/02	2.3
2000/01	2.6
1999/00	2.1
1998/99	3.5

Fixed term loans

Year	APR (%)
20010/11	4.4
2009/10	-0.4
2008/09	3.8
2007/08	4.8
2006/07	2.4
2005/06	3.2
2004/05	2.6
2003/04	3.1
2002/03	1.3
2001/02	2.3
2000/01	2.6
1999/00	2.1
1998/99	3.5
1997/98	2.6
1996/97	2.7
1995/96	3.5
1994/95	2.3
1993/94	1.2
1992/93	3.9
1991/92	5.8
1990/91	9.8

Site Search