Penalty for late payment calculator*
VÕS §§ 94(1) and 113(1) — statutory (base rate + 8%) or agreed penalty for late payment with interim payments
Input data
Penalty for late payment already due is the balance that has become due (no further penalty for late payment accrues on it — VÕS § 113(6)). Interim payments are applied according to the selected order.
Interim payments
| Date | Amount (€) | Allocation |
|---|
Penalty first — 1) penalty already due, 2) current penalty, 3) principal. Principal first — 1) principal, 2) penalty already due, 3) current penalty.
Calculation table
VÕS §§ 94(1) and 113(1) interest rates
Source: Eesti Pank. Rates are updated on 1 January and 1 July.
🔄 Automatic update
Rates are updated automatically when the page is opened (Eesti Pank data, cached for 1 hour).
✏️ Add rate manually
* The calculator results are for information purposes only and do not constitute legal advice. The firm is not liable for any inaccuracies in the calculations or for decisions made on their basis.