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Q&A: What is the maximum legal interest rate for a car loan?”?
Posted in Loans
Question by Darren H: What is the maximum legal interest rate for a vehicle loan?”?
I was questioning what the LEGAL Max. interest rate for a auto loan in the state of Texas is and how does it compare to other states? I have heard it is 18% but I am unsure.
Best answer:
Answer by spifiman1
Your proper, in Texas it’s 18%. It varies by State, like in Oklahoma it really is 21% and in Iowa it is 27%.
Give your answer to this question beneath!
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