An official website of the State of North Dakota
Rates are subject to change daily. All rates are set at the time of loan funding.
Ag/Business Loans
| Established Farmer Real Estate Loan Rate Options | |
| Rate Index | Term |
|---|---|
| Quarterly Adj. | 25 Years |
| Annual Adj. | 25 Years |
| 3-Year Adj. | 25 Years |
| 5-Year Adj. | 25 Years |
| 7-Year Adj. | 25 Years |
| 10-Year Fixed | 10 Years |
| 10-Year Adj. | 20 Years |
| 10-Year Adj. | 25 Years |
| 25-Year Fixed | 25 Years |
| Established Farmer Real Estate Loan Rate Options | |
| Rate Index | Quarterly Adj. |
|---|---|
| Term | 25 Years |
| Rate Index | Annual Adj. |
| Term | 25 Years |
| Rate Index | 3-Year Adj. |
| Term | 25 Years |
| Rate Index | 5-Year Adj. |
| Term | 25 Years |
| Rate Index | 7-Year Adj. |
| Term | 25 Years |
| Rate Index | 10-Year Fixed |
| Term | 10 Years |
| Rate Index | 10-Year Adj. |
| Term | 20 Years |
| Rate Index | 10-Year Adj. |
| Term | 25 Years |
| Rate Index | 25-Year Fixed |
| Term | 25 Years |
Bank of North Dakota charges no prepayment penalties for early payment. The maximum rate charged during the term of the loan will not increase by more than 6.00% from the initial interest rate on the quarterly, annual, 3-year, 5-year, 7-year and 10-year adjusted rates. The maximum loan will not exceed $6,000,000.
| Guaranteed Loan Purchase Program Rates Effective for May 16, 2025 |
||||
| Rate Index | BND Net Rate | + | Lead Lender | =Borrower Rate |
|---|---|---|---|---|
| Quarterly Adj. | 5.475% | + | Service Fee | =Borrower Rate |
| 1-year Adj. | 5.197% | + | Service Fee | =Borrower Rate |
| 3-year Adj. | 5.008% | + | Service Fee | =Borrower Rate |
| 5-year Adj. | 5.115% | + | Service Fee | =Borrower Rate |
| 7-year Adj. | 5.398% | + | Service Fee | =Borrower Rate |
| 10-year Adj. | 5.663% | + | Service Fee | =Borrower Rate |
| Guaranteed Loan Purchase Program Rates Effective for May 16, 2025 |
|
| Rate Index | Quarterly Adj. |
|---|---|
| BND Net Rate | 5.475% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 1-year Adj. |
| BND Net Rate | 5.197% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 3-year Adj. |
| BND Net Rate | 5.008% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 5-year Adj. |
| BND Net Rate | 5.115% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 7-year Adj. |
| BND Net Rate | 5.398% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 10-year Adj. |
| BND Net Rate | 5.663% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
Student Loans
| DEAL Student Loan These interest rates are effective April 1 through June 30, 2025. |
||||
| Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate** | Variable APR* |
|---|---|---|---|---|
| 0% | 6.59% | 6.20% | 5.75% | 5.45% |
| DEAL Student Loan These interest rates are effective April 1 through June 30, 2025. |
|
| Loan Fee | 0% |
|---|---|
| Fixed Interest Rate | 6.59% |
| Fixed APR* | 6.20% |
| Variable Interest Rate** | 5.75% |
| Variable APR* | 5.45% |
* The Annual Percentage Rate (APR) is different from the actual interest rate if there are loan fees. The APR includes the loan fee and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, two disbursements 120 days apart, a fixed interest rate of 6.59% or a variable interest rate of 5.75%, a loan fee BND pays for you and a 10-year repayment term. The APR calculation also assumes that no payments are made by the consumer until 4.5 years (estimated in-school/grace period) after the first disbursement is made. Interest that accrues during in-school and grace periods (if not paid) is added to the balance when the loan enters repayment. **The variable interest rate will never exceed 10.00%.
| DEAL One Loan These interest rates are effective April 1 through June 30, 2025. |
||||
| Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate** | Variable APR* |
|---|---|---|---|---|
| 0% | 6.59% | 6.59% | 5.75% | 5.75% |
| DEAL One Loan These interest rates are effective April 1 through June 30, 2025. |
|
| Loan Fee | 0% |
|---|---|
| Fixed Interest Rate | 6.59% |
| Fixed APR* | 6.59% |
| Variable Interest Rate** | 5.75% |
| Variable APR* | 5.75% |
*The Annual Percentage Rate (APR) is different from the actual interest rate because the APR considers fees and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, a fixed interest rate of 6.59% or variable interest rate of 5.75%, a loan fee BND pays for you and a 10-year repayment term. **The variable interest rate will never exceed 10.00%.
| Career Education & Alternative Learning (CEAL) Loan These interest rates are effective April 1 through June 30, 2025. |
||||
| Loan Fee | Fixed Interest Rate | Fixed APR* | Variable Interest Rate** | Variable APR* |
|---|---|---|---|---|
| 2.00% | 6.59% | 6.43% | 5.75% | 5.67% |
| Career Education & Alternative Learning (CEAL) Loan These interest rates are effective April 1 through June 30, 2025. |
|
| Loan Fee | 2.00% |
|---|---|
| Fixed Interest Rate | 6.59% |
| Fixed APR* | 6.43% |
| Variable Interest Rate** | 5.75% |
| Variable APR* | 5.67% |
* The Annual Percentage Rate (APR) is different from the actual interest rate if there are loan fees. The APR includes the loan fee and reflects the cost of your loan as a yearly rate. The APR calculation assumes a loan of $10,000, a fixed interest rate of 6.59% or a variable interest rate of 5.75%, a loan fee of 2.00% and a 10-year repayment term. The APR calculation also assumes that no payments are made by the consumer until 4.5 years (estimated in-school/grace period) after the first disbursement is made. Interest that accrues during in-school and grace periods (if not paid) is added to the balance when the loan enters repayment. **The variable interest rate will never exceed 10.00%.
Prime Rate
| Prime Rate Comparison | ||
| Provider | Prime Rate | Effective Date |
|---|---|---|
| Bank of North Dakota Base Rate | 7.50% | 12/19/2024 |
| Prime Rate Comparison | |
| Provider | Bank of North Dakota Base Rate |
|---|---|
| Prime Rate | 7.50% |
| Effective Date | 12/19/2024 |
Other Rates
FHLB Bank Advance Rates
US Treasury Rates
BND Base Rate History (PDF)