HC Deb 10 June 1975 vol 893 cc143-4W
Mr. Morgan

asked the Chancellor of the Exchequer what is the present average lending rate of the National Loans Fund.

Mr. Dell

Rates of interest on loans from the National Loans Fund are determined for individual loans or classes of loans and vary from time to time according to the method of repayment and the period for which the money is borrowed. It would not be possible to calculate the average rate of interest on existing loans without disproportionate time and effort. The present rates of interest on new advances from the National Loans Fund came into effect on 7th June 1975 and are as follows:

Rate of Interest
Period (Years) Annuity Maturity
(Per cent.) (Per cent.)
Up to 1 … — 9⅞
Over 1 but not over 5 … 11 11
Over 5 but not over 10 … 11 13
Over 10 but not over 15 … 12 14⅛
Over 15 but not over 25 … 13¾ 14⅝
Over 25 … 14½ 14¾