Installment Loans & Pawn Shops in Pennsylvania

Lending rules in Pennsylvania

Rules marked "medium confidence" were checked against a published copy of the statute because the official site was unavailable to us. Confirm them with the official text before relying on them.

General rules

• The maximum lawful interest rate on a loan of $50,000 or less with no express contract for a lower rate is 6 percent a year. Source: 41 P.S. § 201(a) · verified Oct 9, 2026 · medium confidence

Installment and consumer finance loans

• A lender needs a consumer discount company license from the Department of Banking and Securities to make consumer loans of $25,000 or less that carry more than 6 percent interest. Source: 7 P.S. § 6203(A) · verified Oct 9, 2026 · medium confidence
• A licensed consumer discount company may charge interest or discount of up to $9.50 per $100 of the loan's face amount per year, computed up front for the full term. The statute states this add-on rate, not an APR. Source: 7 P.S. § 6213(E) · verified Oct 9, 2026 · medium confidence
• On a licensed loan that runs longer than 48 months, the part of the term after month 48 is capped at $6 per $100 per year. Source: 7 P.S. § 6213(E) · verified Oct 9, 2026 · medium confidence
• A licensed consumer discount company may also charge a service charge of $1.50 per $50 (or fraction), capped at $150 per contract. Source: 7 P.S. § 6213(F) · verified Oct 9, 2026 · medium confidence

Lenders in Pennsylvania are licensed by the Pennsylvania Department of Banking and Securities (DoBS). See also online lenders and apps in Pennsylvania.