Per N.C.G.S. §24-1.1A(a)(4), the Commissioner of Banks hereby announces and publishes that the maximum rate of interest permitted on certain home loans [as defined by N.C.G.S. §24-1.1A(e)] is 15% per anum for loans made during the following calendar month. The maximum rate has been 15% since 1987.
Per N.C.G.S. §24-1.1(c), the Commissioner of Banks hereby announces and publishes that the maximum rate of interest on certain loans of $25,000 or less [as defined by N.C.G.S. §24-1.1(a)(1)] is 16% per annum for loans made during the following calendar month. The maximum rate has been 16% since 1984.
Per N.C.G.S. §24-1.2A(a), the Commissioner of Banks hereby announces and publishes that the maximum rate of interest on certain equity lines of credit [as defined by N.C.G.S. §45-81] is 16% per annum for loans made during the following calendar month.
Historical Listing
N.C.G.S. §24-1.1(c) Maximum Interest Rates
| Period |
Rate of
Interest |
| June 7 - June 30, 1981 |
21.5 |
| July 1 - July 31, 1981 |
19.5 |
| August 1 - August 31, 1981 |
20.0 |
| September 1- September 30, 1981 |
21.0 |
| October 1 - October 31, 1981 |
20.5 |
| November 1 - November 30, 1981 |
19.5 |
| December 1 - January 31, 1982 |
17.5 |
| February 1 - February 28, 1982 |
19.0 |
| March 1 - March 31, 1982 |
20.0 |
| April 1- May 31, 1982 |
19.0 |
| July 1 - July 31, 1982 |
18.5 |
| August 1 - August 31, 1982 |
18.0 |
| September 1 - September 30, 1982 |
17.0 |
| October 1 - May 31, 1984 |
16.0 |
| June 1 - October 31, 1984 |
16.5 |
| Nov 1, 1984 – Present |
16.0 |
NC Office of the Commissioner of Banks, 316 W. Edenton St., 4309 Mail Service Center, Raleigh, NC 27699-4309
Telephone (919) 733-3016, Telefax (919) 733-6918