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What is the highest interest rate allowable on a private personal loan in Louisiana?
The law says 14%
What is th highest interest rate on a personal loan?
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
What is the highest allowed interest on a personal loan?
Depends on the state you live in, contact you state Attorney General office
Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
What is the highest legal interest rate for a car loan?
what is the highest interest rate a car dealer can charge on an auto loan in sc?
Can you deduct interest from a signature loan?
"Personal" interest is NOT deductible.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
What is the highest interest that can charged for a personal loan in California?
For California the usury limit for personal loans is 10%.. and anything greater should only be verbal as not to get caught up, but if it is in writing then it would be against the law and considered loan sharking.
What are the cons of having a fixed rate personal loan?
Fixed personal loan interest rates are typically higher than variable rates. If interest rates rise, your personal loan rates will look like a bargain, but on the other hand,if interest rates fall, your bank loan will look expensive.
What is the interest rate on an unsecured personal loan?
The interest rates on an unsecured personal loan vary greatly from loan to loan. If your loan is through a Credit Union, it can be as low as 1.9%, whereas if it is a high-risk loan secured through a private business, the interest rate could be as high as 30% or more.
What is the highest interest rate on a Direct Subsidized or unsubsidized loan?
From the first disbursement of the loan
What to consider taking out an unsecured personal loan?
What the interest rate is and loan agreement
