answersLogoWhite

0


Best Answer
GuessI don't think there is a maximum because i know a guy whose paid 28% interest.

Each state has a maximum legal interest rate on loans, also known as a usury limit. You can Google it and you will find websites that give you a list of states and will further explain it to you. Hope this helps!

User Avatar

Wiki User

โˆ™ 2012-07-02 23:59:22
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: What is the maximum legal interest rate for a car loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the maximum legal interest rate for a car loan in maryland?

24.99%


What is the maximum interest rate for a car loan in Pennsylvania?

what is the maximum rate for used car loan in Pennsylvania


What is the maximum interest rate for a student loan consolidation loan?

The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.


What is tennessee's maximum auto loan interest rate?

28.99


what is the maximum rate of interest permited by the state of TN on a new car loan.?

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.


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?


What is Colorado's maximum legal permissible interest rate?

20


What is low interest loan?

The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.


What is the maximum allowable interest rate on an unsecured loan less than 300000 in NC?

37%


How does one use a Home Loan Compare?

To compare a home loan you have to consider the fixed interest rate, the floating interest rate, flexible home loans, minimum loan terms, maximum loan terms, repayment frequency and monthly fees.


What is the federally regulated maximum interest rate that a finance company can charge on a loan in the year 2011?

continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.


What is the legal maximum interest rate that a small business can charge for a past due account?

In Wisconsin, what is the maximum allowable monthly interest rate I can charge customers who are delinquent in their bills?

People also asked