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NC · LOAN-AGMT · Updated July 2026 · Free

North Carolina Loan Agreement

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North Carolina at a glance: Usury Cap (Under $25k): 8% per year (N.C. Gen. Stat. § 24-1) · Governing Law: North Carolina General Statutes Chapter 24

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Overview

Loan Agreements in North Carolina

North Carolina caps interest rates on loans under $25,000 at 8% per year under North Carolina General Statutes Section 24-1.
Key Facts

North Carolina Loan Agreement — Quick Reference

RequirementNorth Carolina Rule
Usury Cap (Under $25k)8% per year (N.C. Gen. Stat. § 24-1)
Governing LawNorth Carolina General Statutes Chapter 24
Legal Requirements

North Carolina Legal Requirements

  • Interest rates must not exceed 8% for loans under $25,000.
Governing Laws

North Carolina Governing Laws

N.C. Gen. Stat. § 24-1
Rate of Interest
Defines North Carolina's usury limits.

Read the full text of these laws at Cornell Law School's North Carolina legal resources or your state legislature's official website.

Questions & Answers

North Carolina Loan Agreement — Frequently Asked Questions

Are loans over $25,000 exempt from North Carolina's usury law?

Yes, loans over $25,000 are exempt from standard usury limits.