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Irs Interest Rates 2024 For Personal Loans. These rates, known as applicable federal rates (afrs), are regularly published as revenue rulings.  — afr is the minimum interest rate the irs allows for private loans.

These rates are used for a number of different purposes under the internal revenue code, including the determinations of original issue discount and unstated interest and the gift. Minimum interest rates required by irs for gifts, loans & sales.