Section 3550.113 - Rates and terms (loans only)(a)Interest rate. The interest rate for all section 504 loans will be 1 percent.(b)Loan term. The repayment period for all section 504 loans will be 20 years.61 FR 59779, Nov. 22, 1996, as amended at 87 FR 6773 , Feb. 7, 2022