Interest rates

Content provided by:
European Judicial Network
European Judicial Network (in civil and commercial matters)

1 Is "statutory interest" provided for in the Member State? If so, how is "statutory interest" defined in this Member State?

The Netherlands does have statutory interest. This is the interest which a creditor can legally demand in the event of a late payment.

A distinction is drawn between statutory interest for non-commercial transactions (Article 6:119 of the Civil Code) and statutory interest for commercial transactions (Article 6:119a of the Civil Code).

Statutory interest for non-commercial transactions applies to all agreements with private individuals or consumers.

Statutory interest for commercial transactions applies to all agreements with businesses and government organisations.

2 If yes, what is the amount/rate and legal basis for it? If different rates of statutory interest are provided for, what circumstances and conditions apply?

Statutory interest for non-commercial transactions is 2 %. Statutory interest for commercial transactions is 8 %.

Statutory interest can fluctuate.

3 If necessary, is there further information available on how to calculate statutory interest?

4 Is there free online access available to the legal basis mentioned above?

Last update: 17/11/2021

The national language version of this page is maintained by the respective EJN contact point. The translations have been done by the European Commission service. Possible changes introduced in the original by the competent national authority may not be yet reflected in the translations. Neither the EJN nor the European Commission accept responsibility or liability whatsoever with regard to any information or data contained or referred to in this document. Please refer to the legal notice to see copyright rules for the Member State responsible for this page.