What is the usury rate in South Carolina?

In South Carolina, the maximum allowable interest rate, or usury rate, for most loans is 15% per annum. However, for certain types of loans, such as those made by licensed lenders or credit providers, higher rates may apply. For example, loans under the Consumer Protection Code can carry interest rates of up to 27%. It's important to consult specific state regulations for precise details, as they can vary based on the type of loan and lender.