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What is the highest interest rate allowable for a private personal loan in Texas?
Wiki User
∙ 17y ago
In Texas, interest does not begin to be calculated until 30 days after an account was due. The judgment rate of interest is 18% or the rate in the specific contract, whichever is less. There are other specific ceilings for different types of loans, you should contact an attorney in Texas for more information.
Wiki User
∙ 17y ago
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