Legal interest rates for the 2nd half of 2021: what developments?
Publié le null - Directorate for Legal and Administrative Information (Prime Minister)
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The statutory interest rates applicable to the 2e semester 2021 were set by an order published in the Official Journal of 25 June 2021. The first rate, the highest, relates to 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).
Tableau - Legal interest rate
Debtor (who must)
Creditor (to whom the money is due)
Rate (2e semester 2021)
Rate (1er semester 2021)
Individual
Individual
3.12%
3.14%
Professional
Individual
3.12%
3.14%
Individual
Professional
0.76%
0.79%
Professional
Professional
0.76%
0.79%
These rates are updated every six months.
The statutory interest rate corresponds to a sum of money due to a creditor in the event of late payment, in particular in banking matters, over-indebtedness, credit, divorce or between professionals.
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 individuals, we must understand any natural person who is not acting for professional purposes.