SELF Loan Interest Rates
Interest rates are listed below for all phases of the SELF program. Applications are only being accepted for the current phase of the program, SELF VI.
Current Index and Margin Information
| Year | Phase | Quarter | |||
|---|---|---|---|---|---|
| 1st | 2nd | 3rd | 4th | ||
| 2023 | Phase VI Phase III, IV & V Phase II |
6.0% 5.2% 4.0% |
|
||
| 2022 | Phase VI Phase III, IV & V Phase II |
2.2% 2.0% |
3.0% 2.5% 2.25% |
4.5% 4.0% 3.25% |
6.00% 5.10% 4.00% |
| 2021 | Phase III, IV & V Phase II |
2.2% 2.0% |
2.2% 2.0% |
2.2% 2.0% |
2.1% 2.0% |
| *2020 | Phase III, IV & V Phase II |
3.9% 3.5% |
3.5% 3.0% |
2.6% 2.25% |
2.3% 2.0% |
| *All interest rates were 0% from 3-13-20 through 9-30-20 due to COVID-19 | |||||
| 2019 | Phase III, IV & V Phase II |
4.6% 4.5% |
4.7% 4.5% |
4.5% 4.25% |
4.2% 4.0% |
| 2018 | Phase III, IV & V Phase II |
3.8% 3.25% |
3.9% 3.5% |
4.3% 4.0% |
4.3% 4.0% |
| 2017 | Phase III, IV & V Phase II |
3.5% 2.5% |
3.5% 2.5% |
3.6% 3.0% |
3.7% 3.0% |
| 2016 | Phase III, IV & V Phase II |
3.4% 2.25% |
3.4% 2.25% |
3.4% 2.25% |
3.4% 2.25% |
| 2015 | Phase III, IV & V Phase II |
3.2% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
| 2014 | Phase III, IV & V Phase II |
3.2% 2.0% |
3.2% 2.0% |
3.2% 2.0% |
3.2% 2.0% |
| 2013 | Phase III, IV & V Phase II |
3.3% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
3.3% 2.0% |
| 2012 | Phase III, IV & V Phase II |
4.0% 2.0% |
4.0% 2.0% |
3.5% 2.0% |
3.4% 2.0% |
| 2011 | Phase III, IV & V Phase II |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
| 2010 | Phase III, IV & V Phase II |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
3.8% 2.25% |
| 2009 | Phase III & IV Phase II |
5.7% 3.5% |
4.7% 3.9% |
4.3% 3.0% |
3.9% 2.5% |
| 2008 | Phase III & IV Phase II |
7.0% 5.5% |
6.0% 5.0% |
5.8% 5.0% |
5.9% 4.5% |
| 2007 | Phase III & IV Phase II |
7.7% 7.0% |
7.4% 7.0% |
7.4% 7.0% |
7.4% 6.5% |
| 2006 | Phase III & IV Phase II |
7.5% 6.0% |
7.9% 6.5% |
7.9% 6.75% |
8.1% 7.0% |
| 2005 | Phase III Phase II |
5.6% 4.0% |
6.1% 4.5% |
6.6% 5.0% |
7.1% 5.5% |
| 2004 | Phase III Phase II |
4.2% 3.0% |
4.4% 3.0% |
4.6% 3.0% |
5.1% 3.5% |
| 2003 | Phase III Phase II |
4.3% 4.5% |
4.3% 3.25% |
4.2% 3.0% |
4.1% 3.0% |
| 2002 | Phase III Phase II |
n/a 6.25% |
4.6% 5.0% |
4.6% 4.25% |
4.5% 4.25% |
| 2001 | Phase II | 8.25% | 7% | 6.25% | 6.25% |
| 2000 | Phase II | 6.5% | 7% | 7.75% | 8% |
| 1999 | Phase II | 5.25% | 5.25% | 5.75% | 6% |
| 1998 | Phase II | 6% | 6% | 5.75% | 5.75% |
| 1997 | Phase II | 5.75% | 6% | 6% | 6% |
| 1996 | Phase II | 6.75% | 6.25% | 6% | 6% |
| 1995 | Phase II | 6.5% | 6.5% | 7% | 6.75% |
| 1994 | Phase II | 4.75% | 4.5% | 5.5% | 6% |
| 1993 | Phase II | 4.75% | 4.5% | 4.5% | 4.5% |
| 1992 | Phase II | 6.75% | 5.75% | 5.5% | 5.25% |
| 1991 | Phase II | 8.75% | 7.75% | 7.5% | 7.25% |
| 1990 | Phase II | 9.5% | 9.5% | 9.5% | 9.25% |
| 1989 | Phase II | 9.75% | 10.5% | 10.25% | 9.5% |
| 1988 | Phase II | 8.25% | 9% | ||