What is the current SRF Interest Rate?

Published 10/09/2007 09:07 AM   |    Updated 04/22/2009 01:13 PM

What is the current SRF Interest Rate?

The SRF Loan Program re-sets the interest rates to its future borrowers on the first business day of each January, April, July and October.  A base interest rate is used and calculated by using 90 percent of the average 20-year AAA-rated, general obligation bond Municipal Market Data composite index for the most recent calendar month. The interest rate is then discounted further based upon a borrower’s Median Household Income from the most recent Census data and projected monthly user rates. A borrower’s interest rate is fixed at the time of loan closing and does not fluctuate. To see this quarter’s rate’s visit http://www.in.gov/ifa/srf/2427.htm.

 

Indiana Finance Authority (IFA)

http://www.in.gov/ifa

 

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