What institutions charge the highest interest rates on loans?

Typically, payday lenders and title loan companies charge the highest interest rates on loans. These institutions often target individuals with poor credit or those in urgent need of cash, leading to exorbitant fees and annual percentage rates (APRs) that can exceed 300%. Additionally, some subprime lenders may also impose high-interest rates on personal loans for those with limited credit history or poor credit scores. It's important for borrowers to carefully consider the terms before engaging with such lenders.