Posted on: 16th Nov, 2006 08:40 am
What is max legal interest on a consumer personal loan of $68000.00 for one year? (Texas)
Hi,
From what I have seen the rates you can get will be in the region of 12-13%.
From what I have seen the rates you can get will be in the region of 12-13%.
Hi Ralos,
Instead of personal loans if you have question about mortgage loans then I shall be able to help you better with the required information.
Thanks
Colin
Instead of personal loans if you have question about mortgage loans then I shall be able to help you better with the required information.
Thanks
Colin
What's the maximum rate under usuary laws in California?
wer567@cox.net
wer567@cox.net
In California the rate is 10% for a loan for household or personal purpose.
Maria
Maria
One more thing; if the loan is for house purchase or its improvement then it is not regarded as taken for personal purpose.
For such type of loans the rate is higher of the two - ten percent or five percent greater than the amount charged by FRBSF (Federal Reserve Bank of San Francisco) for advances to its member banks.
Maria
For such type of loans the rate is higher of the two - ten percent or five percent greater than the amount charged by FRBSF (Federal Reserve Bank of San Francisco) for advances to its member banks.
Maria
Welcome Oscar.
Usury in California is prohibited by the state laws.
The state law sets the maximum interest rate at 10% per year for any loan used for personal, family and household requirements.
Usury in California is prohibited by the state laws.
The state law sets the maximum interest rate at 10% per year for any loan used for personal, family and household requirements.
What is the maximun interest rate and points that can be charged for
refinancing a new 2nd trust deed for 5 years in California
refinancing a new 2nd trust deed for 5 years in California
Welcome Rayman.
The maximum rate of interest charged for refinancing a second trust deed in California is 10%. The number of points will vary from one lender to another.
The maximum rate of interest charged for refinancing a second trust deed in California is 10%. The number of points will vary from one lender to another.
Thank you for your previous answer on max. int. in calif.
Is there. by law, a maximum amount of points that can be charged
on placing a second trust deed on a personal residence in Calif.
Is there. by law, a maximum amount of points that can be charged
on placing a second trust deed on a personal residence in Calif.
The maximum discount points on FHA loan in California is 4.
HOW DO USARY LAWS APPLY TOCOMMERCIAL LOANS IN CALIF.
Hi javier,
Welcome to forums.
Most states in US do not have prevailing commercial usury laws for commercial loans. Only 5 states offer a cap on the interest rates for these loans. In case of California, as per usury laws on commercial loans, the interest rate charged on a loan or forbearance should not exceed 5% per annum plus the rate available on the 25th day of the month.
Thanks
Welcome to forums.
Most states in US do not have prevailing commercial usury laws for commercial loans. Only 5 states offer a cap on the interest rates for these loans. In case of California, as per usury laws on commercial loans, the interest rate charged on a loan or forbearance should not exceed 5% per annum plus the rate available on the 25th day of the month.
Thanks
opened business line of credit 2 years ago with Advanta Bank Corp.Was never late and always paid billed amount.They increased rate to 36%.They tell me there is nothing I can do about it.This can not be legal.I live in California
Hey Thomas,
As a borrower you have the right to know why they have raised the rates. Why don't you consult an attorney in this regard? He will deal with the lender in this regard and also help you in taking the right steps.
As a borrower you have the right to know why they have raised the rates. Why don't you consult an attorney in this regard? He will deal with the lender in this regard and also help you in taking the right steps.
charge is 7% on300000 payable in60 months