We use some essential cookies to make this website work. Income Contingent Repayment Student LoansUndergraduate loansIncome Contingent Student Loans for pre-2012 (Plan 1) undergraduate loansThe interest rate on pre-2012 income-contingent repayment student loans is RPI or the Bank Base Rate + 1%, (“the low interest cap”) whichever is lower. Mortgage Style LoansFrom 1 September 2023 until 31 August 2024, the interest rate for mortgage style loans will be RPI, that is,13