California Interest Rates
California State Interest Rates
Per California Financial Code (CSF) § 21003, the term “month” means a period of time
consisting of 30 consecutive calendar days.
INTEREST CHARGE:
One month’s interest may be charged for any part of the month in which pawned property
is redeemed, including the 10-day notice (“grace”) period required under CFC § 21201,
Per CFC § 21200.5, the maximum interest charges for the first three (3) months are:
| Loan Amount | Max Interest Charge |
| 1¢ to $19.99 | $ 3.00 |
| $20 to $49.99 | $ 6.00 |
| $50 to $74.99 | $ 9.00 |
| $75 to $99.99 | $12.00 |
| $100 to $174.99 | $15.00 |
| $175 to $2499.99 | 9% of the Amount Loaned |
Per CFC § 21200, after the first (3) months the maximum interest charge for loans between 1¢ to $2,499.99 will be 3% per month on the loan amount or a minimum or charge of $3.00, whichever is greater. The amount of the interest charged on loans of $2,500 or more is unregulated and negotiable. CFC §21051.
LOAN PERIOD: The minimum is 1 month, the maximum is 5 Months, the Grace Period is 10 Days. APR. 33.99% Example: $2,000.00 loan for 4 Months will be $2,271.00 Including fees and interest.
LOAN SET-UP FEE: $5.00 may be charged for each loan written or 3% of the loan amount, whichever is greater with the maximum of $30.00, per CFC § 21200.1.
STORAGE CHARGES: A $1.00 minimum for any article that can be contained within one cubic foot. $5.00 for any article that cannot be contained within one cubic foot but can be contained within three cubic feet. $10.00 for any article that cannot be contained within three cubic feet but can be contained within six cubic feet. $20.00 for any article that cannot be contained within six cubic feet and one dollar ($1) for each additional cubic foot in excess of six cubic feet. Per CFC § 21200.6.
NOTIFICATION FEE: The pawnbroker may charge a fee of up to three dollars ($3) for services and cost pertaining to the preparation of the notice, in additional to any allowed charges. CFC § 21201.2.
LOST TICKET VERIFICATION FEE: Maximum of $10.00 may be charged for each lost ticket, per CFC § 21201.1.
90 Days Loan Calculator.
You can use this estimator to calculate loans for the amounts of less
than $2,500 for the period of 90 days.
Loans of $2,500 and more — all interests and fees are as agreed upon.