March 30, 2021 Applicable Interest Rates after Review of Interest Rates for Local Government Loans of Postal Savings Assets and Simple Life Insurance Assets
The Ministry of Internal Affairs and Communications (MIC) has decided on the applicable interest rates for postal savings assets and simple life insurance assets after reviewing the interest rates for local public entity loans and notified the Organization for Postal Savings, Postal Life Insurance and Post Office Network of the same.
Effective from:
April 1, 2021
Review of five-year interest rates
[Unit: %]
| Loan period | Deferment period | |||||
|---|---|---|---|---|---|---|
| No fixed period | Within one year | Over one year and up to 2 years | Over two years and up to 3 years | Over three years and up to 4 years | Over four years and up to 5 years | |
| Over 15 and up to 16 years | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 |
| Over 16 and up to 21 years | 0.002 | 0.002 | 0.002 | 0.002 | 0.002 | 0.002 |
| Over 21 and up to 30 years | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 |
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The corresponding interest rate in the above table is applied according to the initial loan period and deferment period.
Contact
For further information about this press release, please fill in the inquiry form and submit it to MIC on the website
https://www.soumu.go.jp/common/english_opinions.html
International Policy Division, Global Strategy Bureau, MIC
TEL: +81 3 5253 5920
FAX: +81 3 5253 5924