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Low interest payday loans ******* Low-interest loans and fringe benefit tax Find out about fringe benefit tax (FBT) on low-interest loans, including who needs to pay, how to work out their taxable value and what records you need to keep. What’s on this page When you need to pay FBT on low-interest loans If you provide a loan to an employee at less than either the prescribed rate of interest or market rate of interest you†ll need to pay FBT. However, you don†t need to pay FBT if the loan is available to the general public for less than the prescribed rate of interest or market rate of interest, and you give the same loan to an employee. Loans with different rules These types of loans either don†t incur FBT or have different rules about when FBT applies: wage advances employee share loans share purchase scheme loans shareholder employee current account debit balances company expense accounts loans to life insurance policy holders. For more information on these...