Late payment interest calculator (viivis)
Calculate interest on an overdue payment. The Estonian statutory rate from 1 July 2026 is 10.40% per year.
Interest accrues from the day after the due date until payment (Law of Obligations Act § 113). A contract may set a different rate.
Calculations are based on Estonia's tax rates in force for 2026. Results are informational.
Sources: Eesti Pank (võlasuhete intressimäär)
Last updated: 2026-06-03
How is the late fee calculated?
Under § 113 of the Law of Obligations Act, statutory interest equals the ECB main refinancing rate plus 8% per year. The rate updates twice a year - Eesti Pank publishes it on 1 January and 1 July. From 1 July 2026 the statutory rate is 10.40% per year (2.40% + 8%). Interest accrues from the day after the due date until payment. Parties may agree a different contractual rate.
Frequently asked questions
What is the statutory late fee rate in 2026?+
From 1 July 2026 it is 10.40% per year (ECB 2.40% + 8%). In the first half of 2026 it was 10.15%.
From which day does interest accrue?+
From the day after the due date until the debt is actually paid.
Can a contract set a different rate?+
Yes, businesses may agree a higher rate. Consumers cannot be charged more than the statutory rate.
Is VAT added to late payment interest?+
No - the interest is compensation for damage, not payment for goods or services, so VAT does not apply.