According to California law, non-exempt lenders can charge a maximum of 10% interest per year. The maximum rate applies to money, goods or things used primarily for personal, family or household purposes. It also applies to other types of loans such as home improvement, home purchase, or business purposes.
substantive law
29%
18% plus 10 points
max 18% if is more than 500.000 25%
I am no law expert but i believe it is 12%. Do not be fooled, delinquent loans through the rules out the window,
a law that establishes a maximum interest rate for credit transactions of 24 percent
substantive law
In New York, the legal maximum interest rate is 16% per year for most types of loans. However, for some types of loans, such as payday loans, the maximum interest rate is lower. It's always important to check the specific regulations for the type of loan you are considering in New York.
In March of 2009, the state of South Carolina passed a law that requires Payday loan companies to change the way they calculate interest on loans given within the state. Interest will now be charged on a flat basis and can only compound at the maximum rate of 26%. Before the law, interest was being charged at the rate of over 270%.
There is no federal law limiting auto loan interest rates. State regulations limit them. Most states have upper limits ranging from 8% maximum, to 20% or more. Shop different dealers or lenders for the lowest rate your credit rating will permit.
Usury law put a ceiling on interest rate
It depends on the type of loan and the interest rate specified in the loan. If the rate is specified in the loan agreement then there is no restriction on the rate. Wells Fargo does this in some of their student loans. It says that there is a bottom rate but that there is no ceiling rate except for the ceiling rate required by South Dakota law; When we check to see what South Dakota ceiling rate is... we see that there is no ceiling rate if the rate is specified in the loan agreement. (http://legis.state.sd.us/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-3-1.1).
29%
8%
18% plus 10 points
from http://www.lectlaw.com/files/ban02.htm
The maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late is typically around 18% per annum. However, it is advised to consult the Ohio Revised Code or seek legal advice to confirm the current maximum rate.