{
  "url": "https://openlegislation.uk/draft-state-pension-credit-regulations-2002/schedule-II/paragraph-9",
  "json_url": "https://openlegislation.uk/draft-state-pension-credit-regulations-2002/schedule-II/paragraph-9.json",
  "legislation": "ukdsi/2002/0110424395",
  "legislation_title": "The State Pension Credit Regulations 2002",
  "legislation_url": "https://openlegislation.uk/draft-state-pension-credit-regulations-2002",
  "path": "schedule/II/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": "The standard rate",
  "text": "(1) The standard rate is the rate of interest applicable to a loan which qualifies under this Schedule and—\n(a) except where sub-paragraph (2) applies, is 5.34 per cent. per annum; or\n(b) where sub-paragraph (2) applies, shall equal the actual rate of interest charged on the loan on the day the housing costs first fall to be met.\n(2) This sub-paragraph applies where the actual rate of interest charged on the loan which qualifies under this Schedule is less than 5 per cent. per annum on the day the housing costs first fall to be met and ceases to apply when the actual rate of interest on that loan is 5 per cent. per annum or higher.\n(3) Where in a case to which sub-paragraph (2) applies the actual rate of interest on the loan rises to 5 per cent. per annum or higher, the standard rate applicable on that loan shall be determined in accordance with sub-paragraph (1)(a).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2002/0110424395/schedule/II/paragraph/9",
    "retrieved_at": "2026-10-30T15:25:56.559550+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}