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Your governing documents could specify the interest rate.
Interest rates change on a daily basis, so there is no legal interest rate. If you mean predatory lending then google this subject matter and speak to a professional about this situation. There is a max that a Mortgage Banker or Loan Officer can give you when it comes to interest rate quotes.
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what is the highest interest rate a car dealer can charge on an auto loan in sc?
IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.
Usury.
There is no legal limit.
24.99%
It depends on where you live. If you live in Michigan(where I live) it would be $3.90. That brings your price to $68.90. You can find the interest rate for where you live online. Then, you just multiply your money amount by whatever the rate is. For example, the interest rate here is 0.06.
It's a very high interest rate but not illegal. A rate this high will give you an incentive to pay it back quickly.
In Wisconsin, what is the maximum allowable monthly interest rate I can charge customers who are delinquent in their bills?
The rules are that the legal rate and judgment rate of interest is 10%. The general usury limit is 24%, or four points above the average prime loan rate, WHICHEVER IS LESS.