Current Maximum Interest Rates
|
Maximum Interest Rates for Quarter Ending June 30, 2026 |
|
|---|---|
|
Maximum variable interest rate for loans made before Jan. 27, 1981 |
7.250% |
|
Maximum interest rate for variable rate loans executed on or after Jan. 27, 1981, through Oct. 21, 1985 |
7.250% |
|
Maximum interest rate for variable rate loans executed on or after Oct. 22, 1985 |
6.750% |
The average bond equivalency rate for 91-day U.S. Treasury Bills during the period Jan. 1, 2026, through March 31, 2026, was 3.68 percent.
Maximum Interest Rates for Previous Three Quarters
|
Rates for Quarter Ending |
Loans Made Prior to Jan. 27, 1981 |
Loans Made On or After Jan. 27, 1981* |
Loans Made On or After Oct. 22, 1985** |
|---|---|---|---|
|
March 31, 2026 |
7.375% |
7.375% |
6.875% |
|
Dec. 31, 2025 |
7.750% |
7.750% |
7.250% |
|
Sep. 30, 2025 |
7.875% |
7.875% |
7.375% |
*Legislation Amended – 12% annual interest cap repealed – quarterly interest rate on loans made on or after Jan. 27, 1981, through Oct. 21, 1985, became a floating rate based on 91-day T-Bill rate plus 3 1/2%, rounded to the next higher 1/8 of 1%.
**Legislation Amended – variable interest rate calculation amended – quarterly interest rate on loans made on or after Oct. 22, 1985, became a floating rate based on 91-day T-Bill rate plus 3%, rounded to the next higher 1/8 of 1%.