Use these rates to work out the fringe benefit value of low-interest loans you provide to your employees.
List of prescribed interest rates
| Quarter | Rate (%) |
|---|---|
| From 1 January 2026 | 5.77 |
| 1 October 2025 to 31 December 2025 | 6.29 |
| 1 July 2025 to 30 September 2025 | 6.67 |
| 1 April 2025 to 30 June 2025 | 7.38 |
| 1 October 2023 to 31 March 2025 | 8.41 |
| 1 April 2023 to 30 September 2023 | 7.89 |
| 1 January 2023 to 31 March 2023 | 6.71 |
| 1 July 2022 to 31 December 2022 | 4.78 |
| 1 July 2020 to 30 June 2022 | 4.50 |
| 1 October 2019 to 30 June 2020 | 5.26 |
| 1 January 2016 to 30 September 2019 | 5.77 |
| 1 October 2015 to 31 December 2015 | 5.99 |
How rate changes work
We set the prescribed rate of interest and review it quarterly.
- Increased rate – the new rate applies from the start of the next quarter, provided the change is made at least 1 month before the quarter begins.
- Reduced rate – the new rate can apply to the current quarter, provided the change is made at least 1 month before the quarter ends.
More information
Last updated:
01 Apr 2026