Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
â¢ If a judgment is entered on or before June 30, the applicable interest rate is the rate in effect on. January 1 of that year. â¢ If a judgment is entered after June 30, the applicable rate of interest is the rate in effect on July. 1 of that year. This table is not intended to be legal advice.