Late Payment and Instalment Interest Rates
Interest rates:
Rental Late Payment Interest:
Period |
Rate |
Before 01/06/2020 |
8.5% |
01/06/2020 – 31/03/2023 |
5.5% |
01/04/2023 – 30/09/2023 |
7.7% |
01/10/2023 – 30/09/2024 |
8.1% |
01/10/2024 - 31/03/2025 |
8.0% |
Non-rental Late Payment Interest:
Period |
Rate |
01/02/2020 – 31/05/2020 |
5.0% |
01/06/2020 – 31/03/2023 |
5.5% |
01/04/2023 – 30/09/2023 |
7.7% |
01/10/2023 – 30/09/2024 |
8.1% |
31/10/2024 - 31/03/2025 |
8.0% |
Rental Instalment Interest:
Period |
Rate |
01/02/2020 - 31/05/2020 |
3.0% |
01/06/2020 – 31/03/2023 |
5.5% |
01/04/2023 - 30/09/2023 |
4.7% |
01/10/2023 - 30/09/2024 |
5.1% |
01/10/2024 - 31/03/2025 |
5.0% |
Non-rental Instalment Interest:
Period |
Rate |
01/02/2020 – 31/05/2020 |
5.0% |
01/06/2020 – 31/03/2023 |
5.5% |
01/04/2023 - 30/09/2023 |
4.7% |
01/10/2023 - 30/09/2024 |
5.1% |
01/10/2024 - 31/03/2025 |
5.0% |