The phrase "usurious rates" refers to extremely high interest rates or charges that are unfairly high and take advantage of someone's financial vulnerability. Full definition
The term Loan Shark brings to mind those financial gangsters who lend a Regular Joe a little bit of money at usurious rates. (badcreditloanservices.com)
Invest your money so that in times of economic down turns you don't have to resort to borrowing money with usurious rates of interest. (freemoneyfinance.com)
By the time Swanger met him, his credit score was 660 and she thought it was enough to qualify him for a less usurious rate. (cnbc.com)