What is the maximum interest rate that can be charged between sailors according to Navy regulations?

The maximum interest rate that can be charged between sailors, according to Navy regulations, is established at 18%. This regulation is put in place to maintain fairness and prevent exploitation among service members. By capping interest rates, the Navy ensures that financial transactions between sailors remain manageable and do not lead to situations that could cause financial distress or conflict within the ranks. This policy promotes both camaraderie and responsibility when it comes to personal finances among sailors.