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Submitted 675 days ago...
NORTH CAROLINA, the legal interest rate and the general usury limit
is 8%. However, there is a provision for a variable rate, which is
16% However, the law providing for 8% is still
on the books.
http://www.lectlaw.com/files/ban02.htm
This answer was edited by Ruchele 673 days ago.
Reason: state
The interest rate ranges from 6% to 23% thats what i have heard. Moreover it depends upon your credit, loan terms, vehicle value and many other factors. So it difficult to set the range.
29% if used depending year. Depending on state a 2006 usualy cant go past like 18% on avg
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