Loan Interest fees
All loan interests $2,500 and under are regulated by the California State.
California State Interest Rates
The following is the California law on basic interest charges for pawnshops as of January 1, 2002. The actual law can be found in California Financial Code Section 21200.5. The description of the law below has been rewritten in laymen's terms. A 2.5% interest charge per month on the principle (loan amount) of the loan, including, but not more than $225. A 2% interest charge per month on a principle loan amount more than $225, including, but not more than $900. A 1.5% interest charge per month on a principle loan amount in excess of $900, including, but not more than $1,650. A 1% interest charge per month on a principle loan amount from $1,650 to $2,499.
Loans $2,500 and over
Interest is Negotiable for all loans starting from $2,500-$250,000, we have special programs for high valued loans and our interest rate is lower then other financial lenders. Loans or Buys $2,500 and over must be called in prior to coming due to security restrictions.