Day: February 4, 2019

Maximum Interest Loan – Questions About LoansMaximum Interest Loan – Questions About Loans

The maximum interest that a lender may ask a consumer is 12% lending interest that comes on top of the statutory interest rate. This statutory minimum rate has been set at 2% since January 2015. The percentage can be adjusted and applies to non-commercial transactions with individuals and consumers. In July 2014, for example, the […]