Maximum Rate of Interest

Per N.C.G.S. §24-1.1A(a)(4), the Commissioner of Banks hereby announces and publishes that the maximum rate of interest permitted on certain home loans [as defined by N.C.G.S. §24-1.1A(e)] is 15% per annum for loans made during the following calendar month. The maximum rate has been 15% since 1987.

Per N.C.G.S. §24-1.1(c), the Commissioner of Banks hereby announces and publishes that the maximum rate of interest on certain loans of $25,000 or less [as defined by N.C.G.S. §24-1.1(a)(1)] is 16% per annum for loans made during the following calendar month. The maximum rate has been 16% since 1984.

Per N.C.G.S. §24-1.2A(a), the Commissioner of Banks hereby announces and publishes that the maximum rate of interest on certain equity lines of credit [as defined by N.C.G.S. §45-81] is 16% per annum for loans made during the following calendar month.

Historical Listing
N.C.G.S. §24-1.1(c) Maximum Interest Rates