you have to charge the following minimum interest rate

for which you pay income taxes, if the loan exceeds 100000 dollars.

• 4.78% for a short-term loan (one with a term of three years or less),
• 4.21% for a mid-term loan (one with a term of more than three years but not more than nine years), and
• 4.36% for a long-term loan (one with a term of more than nine years).