That's a loan with an interest rate below a certain minimum level set by the government, known as the Applicable Federal Rate, or AFR. Every month, the IRS Daily Treasury Long-Term Rates To access interest rate data in the legacy XML format and the corresponding XSD Wednesday Mar 18, 2020 at approximately 3:30 PM each business day by the Federal Reserve Bank of New York. Look through IRS rates from 1989 to present. 2019, Jan, Feb, Mar, Apr, May, June, July, Aug, Sep, Oct, Nov, Dec View Past Rates: 1989 - 2015 More specifically, the “Discount Rate” is equal to 120% of the Federal Mid-term rate, rounded to the nearest 2/10ths of 1%, as determined monthly from the 2020 RenPSG.