Start free trial
Take Naologic for a spin today, no credit card needed and no obligations.
Start free trial Question
Afr - What is federal AFR rate?
Answer
The IRS allows the lowest interest rate for private loans, which is called the appropriate federal rate (AFR). These rates, which the IRS considers to be the lowest market rate for loans, are published by the IRS every month. Legal ramifications may follow from an interest rate that is less than the AFR.
