Calculate late fees and interest on overdue invoices. Supports flat fees, monthly percentage, and annual interest rates with simple or compound interest.
Enter invoice details and click calculate
to see late fee breakdown.
| Period | Days | Fees Added | Balance |
|---|
Late fee regulations vary by state. Below is a reference of statutory maximum late fee rates for common states. Always consult your state's laws or a legal professional for the most current regulations.
| State | Max Late Fee | Notes |
|---|---|---|
| California | 10% APR | Default interest rate on judgments; contract terms generally enforced if reasonable |
| Texas | 18% APR | Maximum usury rate for commercial transactions; contracts can specify lower rates |
| New York | 16% APR | Civil usury ceiling; criminal usury threshold at 25% APR |
| Florida | 18% APR | Maximum interest rate; higher rates void unless exempt under statute |
| Illinois | 9% APR | Default rate under Illinois Interest Act; commercial agreements may set higher rates |
| Pennsylvania | 6% APR | Legal rate of interest; contracts can specify up to 25% APR in some cases |
| Ohio | 8% APR | Statutory interest rate; commercial contracts generally enforceable at agreed rate |
| Georgia | 18% APR | Maximum simple interest rate unless specified by contract under $3,000 threshold |
| North Carolina | 8% APR | General legal rate; contractual rate up to 16% permitted |
| Michigan | 13% APR | Maximum rate for most transactions; some commercial exceptions apply |
| Washington | 12% APR | Highest lawful rate; judgment interest at 12% or contract rate |
| Colorado | 45% APR | Permitted for commercial agreements; consumer transactions limited to 12% APR |
| Virginia | 12% APR | General legal rate; higher rates for certain commercial loans |
| Massachusetts | 20% APR | Criminal usury limit; civil contracts generally enforceable at agreed rate |
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