In a Chapter 13 bankruptcy, the debtor can repay certain secured loans at the Till rate of interest instead of at the interest rate set in the contract (e.g. automotive loans, loans for the purchase of personal property, etc.). The Till rate of interest takes its name from the U.S. Supreme Court case of Till v. SCS Credit Corp., 541 U.S. 465 (2004), which affirmed that interest on certain secured claims in Chapter 13 was to be set based on the combination of the prime rate of interest and an additional interest rate to account for the risk to the secured lender. The Till rate of interest is calculated from the prime rate plus 1.5 percent. Below are the Till rates of interest from 2018 to present:
| Case Filed Date Range | Rate |
| September 1, 2023 | 10.50% |
| June 1, 2023 | 10.25% |
| May 1, 2023 | 10.00% |
| April 1, 2023 | 9.75% |
| February 1, 2023 | 9.50% |
| January 1, 2023 | 9.00% |
| November 1, 2022 | 8.25% |
| September 1, 2022 | 7.50% |
| August 1, 2022 | 6.75% |
| June 1, 2022 | 6.00% |
| May 1, 2022 | 5.50% |
| May 1, 2020 | 5.25% |
| April 1, 2020 | 6.25% |
| December 1, 2019 | 6.75% |
| November 1, 2019 | 7.00% |
| September 1, 2019 | 7.25% |
| February 1, 2019 | 7.50% |
| November 1, 2018 | 7.25% |
Ronald Page is a consumer bankruptcy attorney based in Richmond, Virginia. Please contact Ronald Page if you need assistance resolving your personal debts
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