Interest rates for loans from the fund shall be established by the director; provided, however, that those rates shall be substantially lower than the prevailing rate of interest in this state for comparable loans, and shall not exceed five percent (5%). The term of the loan shall not exceed ten (10) years.
Interest rates
R.I. Gen. Laws § 40-14-7., under Chapter 40-14 Equipment Loan Fund for People with Disabilities.
R.I. Gen. Laws § 40-14-7.