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According to the Texas Attorney Generals website 18% interest is the maximum however in times of inflation it can go as high as 24%. Anything above that is called "usury". Usury is the practice of charging excessive, unreasonably high, and often illegal interest rates on loans. Double check your contracts and don't sign anything until it is within the legal limits. Good luck!
What else can I help you with?
What is the highest allowed interest on a personal loan?
Depends on the state you live in, contact you state Attorney General office
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 the highest allowable private home loan interest rate allowable by law in Texas?
In Texas, the highest allowable interest rate for a private home loan is typically governed by the Texas Constitution and varies depending on the type of loan. For home equity loans, the maximum interest rate is capped at 18% per annum. For non-home equity loans, lenders must adhere to the Texas Finance Code, which establishes maximum rates based on the type of loan and the lender's terms. Always consult a legal expert or financial advisor for the most current information.
What is the highest interest rate on a Direct Subsidized or unsubsidized loan?
From the first disbursement of the loan
How do you take interest free loan?
we can take interest free loans if it is allowed by the authorized govt. of that bank from where we are taking loan.
Who charges the highest on interest rate loans?
They are called loan sharks.
What is the highest interest rate allowable for a private personal loan in Texas?
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.
What is the highest interest rate allowed by law for consumers in the state of Florida?
max 18% if is more than 500.000 25%
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 interest rate for personal loan in Delaware?
contact your State Attorney Generals office
What is the highest interest you can have on a car?
A Title Loan can be as much as 600% or higher. They are thieves of the poor and ignorant.
What is the highest interest rate allowable on a private personal loan in Louisiana?
The law says 14%
