Usury Rates

State usury rates are often dependent upon a number of things, and so they can change, and be different depending on where you got your loan from. Banks have different rates that personal loans, for example.

The below rates are for general usury rates, loans made between persons. Rates for financial institutions are typically higher, which is why we pay so much for our credit cards. Since rates change, please consult a legal professional in your area. They can be complicated, so a few reference our state pages.


Alabama: 8%.

Alaska: Federal Interest Rate plus 5%.

Arizona: Over 10%.

Arkansas: 17%.

California: Over 10%.

Colorado: Over 12%.

Connecticut: 12%.

Delaware: Federal Reserve Rate plus 5%.

Washington DC: Over 24%.

Florida: 18%.

Georgia: Dependent upon loan amount. See our Georgia page for further information.

Hawaii: 12%.

Idaho: U.S. Treasury Securities Rate plus 5%.

Illinois: 9%.

Indiana: See Indiana page.

Iowa: 12%.

Kansas: 15%. Can be dependent upon loan amount

Kentucky: Federal Reserve Rate plus 4%, or 19% (whichever is less).

Louisiana: 12%.

Maine: Multiple dependencies, see Maine page.

Maryland: 24%. See Maryland page for further information.

Massachusetts: 20%.

Michigan: 7%.

Minnesota: 8%.

Mississippi: Over 10%.

Missouri: See Missouri page for details.

Montana: NYC Bank Prime Rate plus 6%.

Nebraska: 16%.

Nevada: None.

New Hampshire: None.

New Jersey: 30%. See New Jersey page.

New Mexico: See New Mexico page.

New York: 16%.

North Carolina: 8%, but can be higher under conditions. See North Carolina page.

North Dakota: 6 month Treasury Bill Interest Rate plus 5.5%.

Oklahoma: 10%.

Oregon: 12%.

Pennsylvania: 25%

Rhode Island: 21%.

South Carolina: 14%.

South Dakota: See South Dakota page for info.

Tennessee: 24% or Prime Loan Rate plus 4% (whichever is less).

Texas: 18%. See Texas page for further info.

Utah: 12%.

Vermont: 12%.

Virginia: See Virginia page.

Washington: 12%.

West Virginia: See West Virginia page.

Wisconsin: See Wisconsin page.

Wyoming: See Wyoming page.

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