The phrase "a maximum interest rate" is correct and usable in written English.
It can be used in financial contexts, particularly when discussing loans, credit cards, or investment products that have a cap on the interest rate charged.
Example: "The loan agreement stipulates that there will be a maximum interest rate of 5% per annum."
Alternatives: "a capped interest rate" or "a ceiling interest rate".
The retail banks will be allowed to charge a maximum interest rate of two per cent.
First, the central bank ordered a maximum interest rate of 7% on peso loans, in a misguided attempt to decree confidence.
Currently, the most popular type of SBA loan has a maximum interest rate of 6.25% (loans over $50,000) to 8.75% (loans under $25,000).
Why can't we simply have a national ban on usury, a maximum interest rate for all loans?
Under a complex formula based on their borrowing costs, SBICs now charge a maximum interest rate of about 16%, although Thian has charged a 13% fixed rate so far to his clients.
Although we are restricted by parliament's failure to set a maximum interest rates on loans, or distinguish between different kinds of financial businesses in planning law, we are determined to do what we can to support our residents.
Brownlee supported both recommendations, and attached a minority report calling for banks to end their disparate treatment of eastern and western debtors, urging that a statutory maximum interest rate be maintained and possibly lowered, and recommending that the proposed central bank be entirely government owned and controlled.
Some argue, convincingly, that a crackdown on multiple borrowing and a cut in the maximum interest rate could throw desperate borrowers into the jaws of loan sharks, often in the form of yakuza although the police and legitimate lenders are trying to stifle the unsavoury end of the trade.
For example, if the six-month Treasury rate was 7.5%, the maximum interest rate a core bank could pay on a six-month insured CD would be 7.5%.
WASHINGTON, Dec. 31 (AP) —Congressional investigations and legislative action were promised today in the wake of an announced increase in the maximum interest rate on Gov ernment‐backed home mort gages.
Republicans also rejected an effort by Democrats to lower the maximum interest rate to 6.8percentt, keeping it at 8.25percentt, a level that benefits lending institutions.
