Late payment contractual interest calculator
A breach of contract is usually penalized by interest. It is important to calculate interest correctly. Our calculator can calculate interest on daily, weekly, monthly and annual bases.
Amount of debt
Contractual Interest Rate (%)
Date payment became overdue
The duration of the delay
Calculation
Amount of debt:
GB 900.00
Contractual Interest Rate:
8.00%
Date payment became overdue:
2020-02-10
The duration of the delay:
2020-02-24
Interest rate on daily basis
Overdue days:
14
Interest based on daily overdue:
GB 1008.00 (112.00%)
Interest rate on weekly basis
Overdue weeks:
2.00
Interest based on weekly overdue:
GB 144.00 (16.00%)
Interest rate on monthly basis
Overdue months:
0.47
Interest based on monthly overdue:
GB 33.84 (3.76%)
Interest rate on annual basis
Overdue years:
0.04
Interest based on annual overdue:
GB 2.88 (0.32%)