Check a loan rate against the interest rate cap
Choose a country and credit type, enter a rate, and see the cap and its source.
–
Above the cap
Cap25% per year
Your rate28% per year
Gap in points+3
The cap includes fees
Cap source
| Law or decision | Bank of Thailand notifications on personal loans, credit cards and nano finance (FPG) |
| Last checked | 2026-10-05 |
Caps can depend on the licence, borrower and contract, so check the source before setting a rate.
Interest rate caps by country
Caps as published, per year, month or day.
| Country | Credit type | Cap | Applies |
|---|---|---|---|
| Argentina | Personal loans from non-bank lenders | No cap | |
| Credit card financing from non-bank card issuers | Formula only | ||
| Armenia | Loans from banks and credit organisations | Formula only | |
| Azerbaijan | Daily loans from non-bank credit organisations, up to AZN 500 and 45 days | 0.3% per day | |
| Other loans from non-bank credit organisations | No cap | ||
| Bahrain | Consumer loans from banks and financing companies | No cap | |
| Benin | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Bolivia | Productive loans to micro units from licensed financial intermediaries | 11.5% per year | From 2025-05-23 |
| Productive loans to small units from licensed financial intermediaries | 7% per year | From 2025-05-23 | |
| Productive loans to medium units from licensed financial intermediaries | 8% per year | From 2025-05-23 | |
| Productive loans to large units from licensed financial intermediaries | 10% per year | From 2025-05-23 | |
| Consumer loans and non-productive microcredit | No cap | ||
| Botswana | Loans from micro lenders and other NBFIRA-regulated non-bank lenders | No cap | |
| Brazil | Personal and consumer loans from financial institutions | No cap | |
| INSS payroll loans to retirees and pensioners (crédito consignado pessoal) | 1.85% per month | From 2025-03-25 | |
| Overdrafts on current accounts (cheque especial) | 8% per month | ||
| Brunei | Secured loans from licensed moneylenders | 15% per year | |
| Unsecured loans from licensed moneylenders | 24% per year | ||
| Islamic bank financing repaid by salary or pension deduction | 7.5% per year | ||
| Burkina Faso | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Cambodia | Loans from microfinance institutions, deposit-taking MFIs and rural credit operators | 18% per year | From 2017-04-01 |
| Cameroon | Loans from any lender | Formula only | |
| Chile | Peso loans of less than 90 days up to UF 5,000 (tasa máxima convencional) | 47.73% per year | From 2026-10-15 |
| Peso loans of 90 days or more up to UF 50 (tasa máxima convencional) | 41.02% per year | From 2026-10-15 | |
| Peso loans of 90 days or more over UF 50 and up to UF 200 (tasa máxima convencional) | 34.02% per year | From 2026-10-15 | |
| Peso loans of 90 days or more over UF 200 and up to UF 5,000 (tasa máxima convencional) | 30.03% per year | From 2026-10-15 | |
| Peso loans of 90 days or more over UF 5,000 (tasa máxima convencional) | 10.05% per year | From 2026-10-15 | |
| Loans repaid by pension deduction (tasa máxima convencional) | 27.02% per year | From 2026-10-15 | |
| Colombia | Consumer and ordinary loans (consumo y ordinario) | 28.34% per year | From 2026-11-01 · Until 2026-11-30 |
| Low-amount consumer loans (consumo de bajo monto) | 71.82% per year | From 2026-11-01 · Until 2026-11-30 | |
| Larger productive loans (productivo de mayor monto) | 42.35% per year | From 2026-11-01 · Until 2026-11-30 | |
| Rural productive loans (productivo rural) | 33.87% per year | From 2026-11-01 · Until 2026-11-30 | |
| Urban productive loans (productivo urbano) | 59.87% per year | From 2026-11-01 · Until 2026-11-30 | |
| Rural popular productive loans (popular productivo rural) | 66.9% per year | From 2026-11-01 · Until 2026-11-30 | |
| Urban popular productive loans (popular productivo urbano) | 88.44% per year | From 2026-11-01 · Until 2026-11-30 | |
| Costa Rica | Loans in colones, other than microcredit | 36.48% per year | From 2026-07-01 · Until 2026-12-31 |
| Loans in US dollars, other than microcredit | 30.11% per year | From 2026-07-01 · Until 2026-12-31 | |
| Microcredit in colones | 51.51% per year | From 2026-07-01 · Until 2026-12-31 | |
| Microcredit in US dollars | 42.65% per year | From 2026-07-01 · Until 2026-12-31 | |
| Côte d’Ivoire | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Dominican Republic | Loans from banks and lenders who take no deposits | No cap | |
| Ecuador | Consumer loans (consumo) | 16.77% per year | From 2026-10-01 |
| Microcredit for borrowers with sales up to USD 20,000 (minorista) | 28.23% per year | From 2026-10-01 | |
| Microcredit for borrowers with sales from USD 20,000 to 120,000 (acumulación simple) | 24.89% per year | From 2026-10-01 | |
| Microcredit for borrowers with sales from USD 120,000 to 300,000 (acumulación ampliada) | 22.05% per year | From 2026-10-01 | |
| Productive loans to SMEs (PYMES) | 9.95% per year | From 2026-10-01 | |
| Home loans (inmobiliario) | 9.15% per year | From 2026-10-01 | |
| Education loans (educativo) | 9.5% per year | From 2026-10-01 | |
| Egypt | Consumer and micro, small and medium enterprise finance from licensed non-bank lenders | No cap | |
| El Salvador | Consumer loans with a payroll order or account debit, up to US$4,905.60 | 33.72% per year | From 2026-07-01 · Until 2026-12-31 |
| Consumer loans with a payroll order or account debit, over US$4,905.60 | 24.17% per year | From 2026-07-01 · Until 2026-12-31 | |
| Consumer loans without a payroll order, up to US$4,905.60 | 82.87% per year | From 2026-07-01 · Until 2026-12-31 | |
| Consumer loans without a payroll order, over US$4,905.60 | 29.52% per year | From 2026-07-01 · Until 2026-12-31 | |
| Credit cards with a limit up to US$1,226.40 | 71.73% per year | From 2026-07-01 · Until 2026-12-31 | |
| Georgia | All loans from any lender | 50% per year | |
| Ghana | Loans from non-bank lenders and microfinance institutions | No cap | |
| Guatemala | Loans from banks, microfinance entities and other lenders | No cap | |
| Guinea-Bissau | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Honduras | Credit cards and loans from non-bank lenders using the same reference | Formula only | |
| India | Loans from NBFCs and banks | No cap | |
| Indonesia | Peer-to-peer consumer loans of up to 6 months | 0.3% per day | From 2025-07-31 |
| Peer-to-peer consumer loans of more than 6 months | 0.2% per day | From 2025-07-31 | |
| Peer-to-peer productive loans of up to Rp50m and up to 6 months | 0.275% per day | From 2025-07-31 | |
| Peer-to-peer productive loans of up to Rp50m and more than 6 months | 0.1% per day | From 2025-07-31 | |
| Peer-to-peer productive loans of more than Rp50m | 0.1% per day | From 2025-07-31 | |
| Iraq | Loans from finance companies and other non-bank lenders | No cap | |
| Israel | Shekel loans to individuals from any lender | Policy rate plus 15 points | |
| Loans of 3 months or less from licensed lenders | Policy rate plus 5 points | ||
| Jordan | Loans from microfinance and specialised finance companies | No cap | |
| Kazakhstan | Microcredits from microfinance organisations | 46% per year | From 2026-05-16 |
| Microcredits from microfinance organisations, up to 45 days and up to 45 MRP | 179% per year | From 2026-05-16 | |
| Unsecured bank loans | 46% per year | From 2026-05-16 | |
| Secured bank loans other than mortgages | 35% per year | From 2026-05-16 | |
| Mortgage loans | 25% per year | From 2026-05-16 | |
| Kuwait | Consumer loans from banks and investment companies | Discount rate plus 3 points | |
| Kyrgyzstan | Consumer loans from banks and non-bank lenders supervised by the NBKR | 0.08% per day | From 2025-11-10 |
| Business, agricultural and other non-consumer loans from any lender | Weighted average lending rate plus 12 points | Until 2026-12-31 | |
| Laos | Pawnshop loans | 3% per month | |
| Loans from microfinance institutions and leasing companies | No cap | ||
| Lebanon | Consumer credit from banks and finance companies | No cap | |
| Malaysia | Secured loans from licensed moneylenders | 12% per year | |
| Unsecured loans from licensed moneylenders | 18% per year | ||
| Mali | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Mexico | Loans from SOFOMs and other non-bank lenders | No cap | |
| Moldova | Consumer credit from non-bank lenders and banks | 50% per year | |
| Mongolia | Loans from non-bank financial institutions | No cap | |
| Myanmar (Burma) | Loans from microfinance institutions, made up to 31 Dec 2026 | 28% per year | Until 2026-12-31 |
| Loans from microfinance institutions, from 1 Jan 2027 | 26% per year | From 2027-01-01 | |
| Namibia | Loans repaid over more than five months from microlenders | Prime rate times 2, plus 0 points | |
| Money lending, credit and leasing outside the Microlending Act | Prime rate times 1.6, plus 0 points | ||
| Niger | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Nigeria | Digital and other non-bank consumer loans | No cap | |
| Oman | Personal and housing loans from banks | 6% per year | |
| Credit cards issued by banks | 18% per year | ||
| Panama | Loans from financial companies (empresas financieras) | No cap | |
| Paraguay | Consumer loans in guaraníes | 27.2% per year | From 2026-11-01 · Until 2026-11-30 |
| Consumer loans in foreign currency | 11.48% per year | From 2026-11-01 · Until 2026-11-30 | |
| Peru | Consumer and micro and small business loans in soles, including lenders outside the financial system | 114.68% per year | From 2026-11-01 · Until 2027-04-30 |
| Consumer and micro and small business loans in US dollars, including lenders outside the financial system | 103.14% per year | From 2026-11-01 · Until 2027-04-30 | |
| Philippines | Unsecured loans of up to PHP 10,000 and up to 4 months from financing and lending companies | 12% per month | From 2026-04-01 |
| Larger or longer loans from financing and lending companies | No cap | ||
| Senegal | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Singapore | Non-business loans from licensed moneylenders | 4% per month | From 2015-10-01 |
| South Africa | Mortgage agreements | Repo rate plus 12 points | |
| Credit facilities, including credit cards and overdrafts | Repo rate plus 14 points | ||
| Unsecured credit transactions | Repo rate plus 21 points | ||
| Developmental credit for small businesses | Repo rate plus 27 points | ||
| Unsecured developmental credit for low-income housing | Repo rate plus 27 points | ||
| Other credit agreements | Repo rate plus 17 points | ||
| First short-term credit transaction in a calendar year | 5% per month | ||
| Later short-term credit transactions in the same calendar year | 3% per month | ||
| Incidental credit | 2% per month | ||
| Tajikistan | Loans from microfinance organisations and banks | No cap | |
| Tanzania | Consumer and small business loans from Tier 2 microfinance service providers | No cap | |
| Thailand | Credit cards | 16% per year | |
| Unsecured personal loans, including digital personal loans | 25% per year | ||
| Auto title loans | 24% per year | ||
| Nano finance | 33% per year | ||
| Loans from lenders without a licence (Civil and Commercial Code) | 15% per year | ||
| Timor-Leste | Loans from banks and other lenders | No cap | |
| Togo | Loans from banks | 14% per year | From 2026-06-01 |
| Loans from credit finance companies, microfinance institutions and other lenders | 24% per year | From 2026-06-01 | |
| Türkiye | Credit card purchases in lira, statement balance under TL 30,000 | 3.25% per month | From 2026-10-01 |
| Credit card purchases in lira, statement balance TL 30,000 to 180,000 | 3.75% per month | From 2026-10-01 | |
| Credit card purchases in lira, statement balance over TL 180,000 | 4.25% per month | From 2026-10-01 | |
| Credit card cash advances and overdraft accounts (KMH) | 4.25% per month | From 2026-10-01 | |
| Uganda | Loans from licensed money lenders | 2.8% per month | From 2024-11-15 |
| Loans from Tier 4 microfinance institutions, SACCOs and money lenders | 100% per year | From 2024-11-15 | |
| Uruguay | Consumer loans from any lender | Formula only | |
| Uzbekistan | Loans to individuals from microfinance organisations and pawnshops | 0.3% per day | |
| Vietnam | Loans from credit institutions and finance companies | No cap | |
| Loans between parties to a civil transaction, outside credit institutions | 20% per year | ||
| Zambia | Loans from banks and non-bank financial institutions | No cap |
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The same cap can be a rule in your pricing, so no offer goes out above it in any country you lend in. Start free
How rates compare
Per month: × 12 = Per year Per day: × 365 = Per year Gap in points = Cap − Your rate
Nothing is compounded, so a rate just under an effective yearly cap deserves a second look.
What an interest rate cap means
An interest rate cap is a published limit for a type of credit. This checker compares a rate you enter with the cap and shows both in the cap’s terms.
A rate can be within an interest cap and still be above an all-in cap. Check whether the cap covers interest alone or the loan’s full cost, including fees, then review its source and checked date.
Common questions
What is an interest rate cap?
It is a published maximum rate for a type of credit. This checker compares the rate you enter with the cap that applies.
What does usury rate mean?
Usury rate is a term used for an interest rate cap, the published maximum rate for a type of credit. The cap shown depends on the country and type of credit.
How do I compare a monthly rate with a yearly cap?
Multiply the monthly rate by 12 to compare it with a yearly cap. The comparison uses simple rates, with no compounding.
Does an interest rate cap include fees?
Some caps count the whole cost of the loan, including interest and fees. Others count the interest rate alone, and other rules may limit fees.
How often does an interest rate cap reset?
Some caps reset monthly or every six months, and others follow a reference rate. The source card shows the reset frequency and when the figure was last checked.