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Wisconsin Interest Rate & Usury Laws

SUMMARY: Wisconsin Maximum Interest Rate

  • 5% annually for loans that are undocumented
  • No stated maximum for loans agreed to in writing

Wisconsin Code

From Wisconsin Chapter 138: MONEY AND RATES OF INTEREST

 

138.04. Legal rate.

 

The rate of interest upon the loan or forbearance of any money, goods or things in action shall be $5 upon the $100 for one year and according to that rate for a greater or less sum or for a longer or a shorter time; but parties may contract for the payment and receipt of a rate of interest not exceeding the rate allowed in ss. 138.041 to 138.056, 138.09 to 138.14, 218.0101 to 218.0163, or 422.201, in which case such rate shall be clearly expressed in writing.

 

Disclaimer

 

This information may or may not be the full scope of Wisconsin’s interest and usury laws.  Many States may, from time to time, adjust their statutes pertaining to allowable interest and usury rates as well as exceptions.  Be sure to review the Wisconsin Interest & Usury statute in its entirety and consult with a relevant attorney if you have any specific questions.

 

Additional Resources

 

Wisconsin Section 138.04 Legal Rate of Interest

Usury Laws by State

 

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