We’re licensed with, and located in, the City of Beverly Hills (License #19100970). We therefore adhere to the national as well as California standards of collateral lending — a highly regulated industry. The interest rates that we use are taken verbatim from the California Financial Code (CFC).
Per CFC § 21200.5, the maximum interest charges for the first three (3) months of a typical four-month collateral loan are as follows:
| Amount of Loan | Max. Interest Charge | Amount of Loan | Max. Interest Charge | |
| $15 to $19.99 | $3.00 (total) | $225 to $324.99 | $20.00 (max) | |
| $20 to $24.99 | $4.00 (total) | $325 to $449.99 | $25.00 (max) | |
| $25 to $39.99 | $4.00 (total) | $450 to $599.99 | $35.00 (max) | |
| $40 to $49.99 | $6.00 (total) | $600 to $799.99 | $45.00 (max) | |
| $50 to $64.99 | $7.50 (total) | $800 to $999.99 | $55.00 (max) | |
| $65 to $74.99 | $8.50 (total) | $1000 to $1199.99 | $70.00 (max) | |
| $75 to $99.99 | $10.00 (total) | $1200 to $1499.99 | $85.00 (max) | |
| $100 to $124.99 | $12.50 (total) | $1500 to $1799.99 | $100.00 (max) | |
| $125 to $149.99 | $13.50 (total) | $1800 to $2099.99 | $120.00 (max) | |
| $150 to $224.99 | $15.00 (total) | $2100 to $2499.99 | $140.00 (max) |
- Per CFC § 21203, the term “month” means a period of time consisting of 30 consecutive calendar days.
- Per CFC § 21200, after the first three months, the maximum interest charge for loans between $0.01 to $2,499.99 will be 2.5% per month on the unpaid principal balance or a minimum charge of $3.00, whichever is greater.
Please let us know if you’d like to know more about other CFC regulations or if you have any questions about these rates. We look forward to helping you find the best financial arrangement for your short-term loan needs.
~ ACL90210 | Advance Collateral Lending, LLC.
