Interest
The debt collection interest rate is 7.75 % per year from 8 January 2024
Examples of how much you have to pay (interest rate: 7.75 %)
When we receive your debt for collection, the debt collection interest rate is calculated as from the first day of the following month. The interest is accrued as simple day-to-day interest on the principal (the original debt without interest) and fees (e.g. reminder fees).
The debt collection interest rate also applies to student loans.
Period | The debt collection interest rate |
---|---|
July 8, 2024 - | 7.50 % |
January 8, 2024 - July 7, 2024 | 7.75 % |
July 7, 2023 - January 7, 2024 | 7.25 % |
July 1, 2023 - July 6, 2023 | 5.9 % |
The interest rate is normally adjusted semi-annually.
Debt without interest
You do not pay interest on fines imposed under the Danish Penal Code (Straffeloven).
Exceptions – agreed interest
- If you have agreed an interest rate on your debt with the municipality (e.g. for a housing allowance loan), or if the interest rate is expressly stated in a loan agreement, you must continue to pay the agreed interest rate, instead of the debt collection interest rate.
- If you have debts abroad, the interest rate may be different.