How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask CalAttorney2 Your Own Question
CalAttorney2, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 10244
Experience:  I am a civil litigation attorney representing individuals and businesses.
Type Your Consumer Protection Law Question Here...
CalAttorney2 is online now
A new question is answered every 9 seconds

What is the maximum interest rate unsecured loan in

Customer Question

what is the maximum interest rate for an unsecured loan in california?
Submitted: 2 years ago.
Category: Consumer Protection Law
Expert:  CalAttorney2 replied 2 years ago.
The "maximum legal rate" in California is 10% (see generally:, however, the usury laws are very complex and most attorneys will tell you there is "more exception than rule" (but if you are planning on offering an unsecured loan and you are not a licensed lender, I would not recommend exceeding the 10% rate).