MAINE PAWNBROKER RATE CHART

MAINE PAWNBROKER RATE CHART
MAXIMUM FINANCE CHARGE PER 30-DAY PERIOD*
(TERM: 60-DAYS MAXIMUM INITIALLY; PLUS AT LEAST ONE EXTENSION OF ONE MONTH)
* NOTE: These are maximum charges allowed. Pawnbrokers may charge less than the amounts listed below.

**SPECIAL NOTE: For loan amounts greater than $8,000 the annual percentage rate cap is 18%

LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR
$101	$25.25	300%	$201	$50.25	300%	$301	$75.25	300%	$401	$100.25	300%
$102	$25.50	300%	$202	$50.50	300%	$302	$75.50	300%	$402	$100.50	300%
$103	$25.75	300%	$203	$50.75	300%	$303	$75.75	300%	$403	$100.75	300%
$104	$26.00	300%	$204	$51.00	300%	$304	$76.00	300%	$404	$101.00	300%
$105	$26.25	300%	$205	$51.25	300%	$305	$76.25	300%	$405	$101.25	300%
$106	$26.50	300%	$206	$51.50	300%	$306	$76.50	300%	$406	$101.50	300%
$107	$26.75	300%	$207	$51.75	300%	$307	$76.75	300%	$407	$101.75	300%
$108	$27.00	300%	$208	$52.00	300%	$308	$77.00	300%	$408	$102.00	300%
$109	$27.25	300%	$209	$52.25	300%	$309	$77.25	300%	$409	$102.25	300%
$110	$27.50	300%	$210	$52.50	300%	$310	$77.50	300%	$410	$102.50	300%
$115	$28.75	300%	$215	$53.75	300%	$315	$78.75	300%	$415	$103.75	300%
$120	$30.00	300%	$220	$55.00	300%	$320	$80.00	300%	$420	$105.00	300%
$125	$31.25	300%	$225	$56.25	300%	$325	$81.25	300%	$425	$106.25	300%
$130	$32.50	300%	$230	$57.50	300%	$330	$82.50	300%	$430	$107.50	300%
$135	$33.75	300%	$235	$58.75	300%	$335	$83.75	300%	$435	$108.75	300%
$140	$35.00	300%	$240	$60.00	300%	$340	$85.00	300%	$440	$110.00	300%
$145	$36.25	300%	$245	$61.25	300%	$345	$86.25	300%	$445	$111.25	300%
$150	$37.50	300%	$250	$62.50	300%	$350	$87.50	300%	$450	$112.50	300%
$155	$38.75	300%	$255	$63.75	300%	$355	$88.75	300%	$455	$113.75	300%
$160	$40.00	300%	$260	$65.00	300%	$360	$90.00	300%	$460	$115.00	300%
$165	$41.25	300%	$265	$66.25	300%	$365	$91.25	300%	$465	$116.25	300%
$170	$42.50	300%	$270	$67.50	300%	$370	$92.50	300%	$470	$117.50	300%
$175	$43.75	300%	$275	$68.75	300%	$375	$93.75	300%	$475	$118.75	300%
$180	$45.00	300%	$280	$70.00	300%	$380	$95.00	300%	$480	$120.00	300%
$185	$46.25	300%	$285	$71.25	300%	$385	$96.25	300%	$485	$121.25	300%
$190	$47.50	300%	$290	$72.50	300%	$390	$97.50	300%	$490	$122.50	300%
$195	$48.75	300%	$295	$73.75	300%	$395	$98.75	300%	$495	$123.75	300%
$200	$50.00	300%	$300	$75.00	300%	$400	$100.00	300%	$500	$125.00	300%

LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR	LOAN AMOUNT	FINANCE CHARGE	APR
$501	$125.20	300%	$601	$145.20	290%	$701	$165.20	283%	$801	$185.20	277%	$901	$205.20	273%
$502	$125.40	300%	$602	$145.40	290%	$702	$165.40	283%	$802	$185.40	277%	$902	$205.40	273%
$503	$125.60	300%	$603	$145.60	290%	$703	$165.60	283%	$803	$185.60	277%	$903	$205.60	273%
$504	$125.80	299%	$604	$145.80	290%	$704	$165.80	283%	$804	$185.80	277%	$904	$205.80	273%
$505	$126.00	299%	$605	$146.00	290%	$705	$166.00	283%	$805	$186.00	277%	$905	$206.00	273%
$506	$126.20	299%	$606	$146.20	289%	$706	$166.20	282%	$806	$186.20	277%	$906	$206.20	273%
$507	$126.40	299%	$607	$146.40	289%	$707	$166.40	282%	$807	$186.40	277%	$907	$206.40	273%
$508	$126.60	299%	$608	$146.60	289%	$708	$166.60	282%	$808	$186.60	277%	$908	$206.60	273%
$509	$126.80	299%	$609	$146.80	289%	$709	$166.80	282%	$809	$186.80	277%	$909	$206.80	273%
$510	$127.00	299%	$610	$147.00	289%	$710	$167.00	282%	$810	$187.00	277%	$910	$207.00	273%
$515	$128.00	298%	$615	$148.00	289%	$715	$168.00	282%	$815	$188.00	277%	$915	$208.00	273%
$520	$129.00	298%	$620	$149.00	288%	$720	$169.00	282%	$820	$189.00	277%	$920	$209.00	273%
$525	$130.00	297%	$625	$150.00	288%	$725	$170.00	281%	$825	$190.00	276%	$925	$210.00	272%
$530	$131.00	297%	$630	$151.00	288%	$730	$171.00	281%	$830	$191.00	276%	$930	$211.00	272%
$535	$132.00	296%	$635	$152.00	287%	$735	$172.00	281%	$835	$192.00	276%	$935	$212.00	272%
$540	$133.00	296%	$640	$153.00	287%	$740	$173.00	280%	$840	$193.00	276%	$940	$213.00	272%
$545	$134.00	295%	$645	$154.00	287%	$745	$174.00	280%	$845	$194.00	275%	$945	$214.00	272%
$550	$135.00	294%	$650	$155.00	286%	$750	$175.00	280%	$850	$195.00	275%	$950	$215.00	272%
$555	$136.00	294%	$655	$156.00	286%	$755	$176.00	280%	$855	$196.00	275%	$955	$216.00	271%
$560	$137.00	294%	$660	$157.00	285%	$760	$177.00	279%	$860	$197.00	275%	$960	$217.00	271%
$565	$138.00	293%	$665	$158.00	285%	$765	$178.00	279%	$865	$198.00	275%	$965	$218.00	271%
$570	$139.00	293%	$670	$159.00	285%	$770	$179.00	279%	$870	$199.00	274%	$970	$219.00	271%
$575	$140.00	292%	$675	$160.00	284%	$775	$180.00	279%	$875	$200.00	274%	$975	$220.00	271%
$580	$141.00	292%	$680	$161.00	284%	$780	$181.00	278%	$880	$201.00	274%	$980	$221.00	271%
$585	$142.00	291%	$685	$162.00	284%	$785	$182.00	278%	$885	$202.00	274%	$985	$222.00	270%
$590	$143.00	291%	$690	$163.00	283%	$790	$183.00	278%	$890	$203.00	274%	$990	$223.00	270%
$595	$144.00	290%	$695	$164.00	283%	$795	$184.00	278%	$895	$204.00	274%	$995	$224.00	270%
$600	$145.00	290%	$700	$165.00	283%	$800	$185.00	277%	$900	$205.00	273%	$1,000*	$225.00	270%

*To calculate loans > $1,000 perform the following steps;	To calculate the maximum finance charge on loans > $1,000 perform the following steps;
Step 1: 500 ÷ Loan amount = a	Step 1: 500 x 0.25 = a
Step 2: (Loan amount – 500) ÷ Loan amount = b	Step 2: (Loan amount – 500) x 0.20 = b
Step 3: a x 12 x 25 = c	Step 3: a + b = Maximum Finance Charge
Step 4: b x 12 x 20 = d
Step 5: c + d = APR

For loan amounts greater than $1,000, click on the following link to calculate the Maximum Finance charge: Pawn Shop Calculation Tool (MS Office Excel Format)

Table Revised 3-21-08