• 8.7 Housing loans made before 3 April 1986

    The statutory interest rate for housing loans made before 3 April 1986 (other than fixed interest loans) is the lesser of:

    • the statutory interest rate that applies generally for the FBT year in which the value of the benefit is being determined, or
    • 13.5%.

    So the maximum statutory interest rate for such loans is 13.5%.

      Last modified: 03 Jul 2012QC 17821