This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Arizona Maximum Interest Rate on Payment Plans Under A.R.S. § 44-1201

Arizona law sets the maximum interest rate that may be charged on a payment plan at 10% per year under A.R.S. § 44-1201. This statute governs the legal rate of interest when a contract does not specify a different rate or when the parties agree to a payment arrangement. The 10% figure applies as the ceiling for any finance charge or interest on unpaid balances in such plans. The statute does not prescribe a single formula for calculating payments; instead, it sets the interest limit while the specific payment schedule and principal amount are left to the agreement. The worked example below illustrates how this rate applies in a typical calculation. To estimate your own payment plan figures, use the DocketMath calculator with your specific principal and term.

Governing authority

In Arizona, the payment plan math rule is set by A.R.S. § 44-1201. The verified packet cites A.R.S. § 44-1201 (https://www.azleg.gov/ars/44/01201.htm).

Arizona payment plan math: the verified value is 10% under A.R.S. § 44-1201. The verified packet cites A.R.S. § 44-1201 (https://www.azleg.gov/ars/44/01201.htm).

Estimate your own result: every situation has exceptions that can change the outcome. Use the payment plan math calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.