29%
It is regulated by state law, so it depends on where your credit agreement is in effect. Where I am it's 33% annually.
max 18% if is more than 500.000 25%
It is determined by comptroller of state by averaging the discount rate of the Federal Reserve Bank of New York for the preceding year and adding 500 basis points to the averaged federal discount rate.
On your federal income taxes, you are allowed to claim a mortgage interest deduction for your principal residence and one other residence of your choice. It does not have to be in the same state. In addition, you are allowed to claim the interest on all rental or business properties.
For basic personal unsecured loans, the maximum interest rate is 9% per year. For payday loans, the maximum effective interest rate may not be more than 75% of the principal (additively including renewals for which 6 are allowed by the state)
It is regulated by state law, so it depends on where your credit agreement is in effect. Where I am it's 33% annually.
max 18% if is more than 500.000 25%
Depends on the state you live in, contact you state Attorney General office
5% above the Federal Reserve Discount Rate at the time the contract was made.
This depends in your state and sometimes in your county. Is SC, the max is 29% as of 12/05.
Texas. Texas. Texas.
contact your State Attorney Generals office
It is determined by comptroller of state by averaging the discount rate of the Federal Reserve Bank of New York for the preceding year and adding 500 basis points to the averaged federal discount rate.
On your federal income taxes, you are allowed to claim a mortgage interest deduction for your principal residence and one other residence of your choice. It does not have to be in the same state. In addition, you are allowed to claim the interest on all rental or business properties.
it varies from state to state, in NJ 24.99% is the limit because (in NJ) 25% or higher is considered extortion ...which is a crime
Florida's usury laws cap interest on 'loans' less than US$500,000 at 18%.
California, as well as 26 other states have no limitation on interest rates, user fees, late penalties, etc for credit cards. Arkansas is the only state with very strict usury statutes.Federal usury laws are of little help, as the only stipulation is for the credit card companies to inform customers of their rates and fees. There has been a bill "stuck" in legislation to place a 17% cap on interest rates, it is doubtful it will ever become law.