Interest
The interest rate is 7.50% per year
This is how much debt grows in five years
View and pay your debt
You can view and pay your debt at Mit gældsoverblik (Overview of my debt - in Danish only). You may have debt that is not stated there. Contact us to get a full debt overview.
How interest accrues on your debt
Interest accrues on the principal (the original debt without interest) and on fees. It does this on a daily basis (day-to-day interest). This means that your debt grows every day.
We calculate the interest from the first day of the month after we have been tasked with collecting the debt from you.
The interest is not tax deductible.
| 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.
The collection interest rate also applies to student loans.
Debt at other interest rates
The interest rate may be different if:
- you have agreed on an interest rate between you and the municipality (for example, for a housing benefit loan)
- a different interest rate is stated in a loan document
- you have debt abroad.
Debt without interest
Some debt for collection is interest-free. This applies, for example, to criminal fines and debt that is unresolved for us.