What is the maximum interest rate that can be charged in the state of Arizona?
six month loan for $1000.00, paying back total of $1500.00 if it goes all six months
Attorney Answer
1
Thomas John CestaBankruptcy AttorneyMesa, AZ ·
It depends on the type of loan. An unsecured consumer loan is capped at 36%, though you can also be charged "points" as a fee, making a hirer effective rate. I have added the statute as a link below.
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