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e-CFR data is current as of February 25, 2021 |
Title 7 → Subtitle B → Chapter XVII → Part 1777 → §1777.31 |
Title 7: Agriculture
PART 1777—SECTION 306C WWD LOANS AND GRANTS
§1777.31 Rates.
(a) Applicant loans will bear interest at the rate of 5 percent per annum.
(b) Individual loans will bear interest at the rate of:
(1) Five percent per annum; or
(2) The Federal Financing Bank rate for loans of a similar term at the time of Agency loan approval, whichever is less.