This page has been automatically translated. Please refer to the page in French if needed.
Scale
From 1 July to 31 Dec. 2024
The new statutory interest rate applicable in the second half of 2024
Publié le 01 juillet 2024 - Directorate for Legal and Administrative Information (Prime Minister)
The statutory interest rates applicable in the second half of 2024 were set by an order published in Official Journal of 28 June 2024. They shall apply from 1er July 2024.
Legal interest rates are discounted every semester.
The first rate, the highest, concerns cases where a sum of money is due to an individual (the creditor is an individual), the second rate applies to other creditors (professional creditors in particular).
Debtor (who must) | Creditor (to whom the money is due) | Rate (2e semester 2024) | Rate (1er semester 2024) |
|---|---|---|---|
Individual | Individual | 8.16% | 8.01% |
Professional | Individual | 8.16% | 8.01% |
Individual | Professional | 4.92% | 5.07% |
Professional | Professional | 4.92% | 5.07% |
The statutory interest rate is used to calculate interest on money owed to a creditor in the event of late payment, particularly in banking, over-indebtedness, credit, divorce or business-to-business cases.
To calculate this amount, the amount due must be multiplied by the number of days late and by the applicable statutory interest rate over the period. The result is divided by 100 times the number of days in the year, which corresponds to the following formula: (sum due) x days late x statutory interest rate) / (365 x 100).
Reminder
when we talk about “individual”, we must understand any natural person who is not acting for professional purposes.
Please note
The statutory interest rate plus now stands at 9.92% if the creditor is a professional and 13.16% if the creditor is an individual. This rate shall apply where the debtor has not paid the amount due within two months.
Additional topics
Service-Public.fr
Service-Public.fr