Title Loan Interest Rates

Summary

In Indiana, title loan lenders can charge up to 25% interest per month, resulting in an APR of up to 300%. Its crucial to review your loan agreement and understand the terms. Consider contacting the lender to negotiate better terms or consult a legal advisor for personalized advice. Indiana law allows high-interest rates on title loans, so understanding your rights and options is essential.

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What is Indiana law regarding interest rates on title loans
In Indiana, title loan lenders can charge up to *% interest per month on the principal. This translates to an annual percentage rate (APR) of up to *%. It's important to review your loan agreement and consult a legal advisor for specific advice related to your situation.