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What is the maximum legal interest rate that can be charged in the state of Pennsylvania?

April 26, 2017Banking Business charged industries Interest rate Legal maximum Pennsylvania professions State

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What is the maximum legal interest rate that can be charged in the state of Pennsylvania?

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The maximum legal interest rate in Pennsylvania is 6 percent. Unless you have a special license, such as for bankers or pawnbrokers, it is illegal to charge more than 6 percent interest.