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Plan 1 - Interest Rates

 

Current interest rate

The current interest rate for Plan 1 Income Contingent Repayment loans is 1.25%.


From 1 September 2016, until further notice, the interest rate set for the pre 2012 (plan 1) Income Contingent Repayment Loans will be 1.25%.


Historical interest rate

The rates in the below table are for Plan 1 loans only and, unless otherwise indicated, apply to the period 1st September to 31st August for the years advised.


Year APR(%)
2016/17 1.25
2015/16 0.9
2014/15 1.5
2013/14 1.5
2012/13 1.5
2011/12 1.5
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

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