Late Payment Fee Calculator
Calculate late payment fees and penalties
Invoice Details
Payment Summary
Original Amount
$5,000
Late Payment Fee
$37.50
Total Amount Due
$5037.50
Daily Rate0.050%
Days Overdue15 days
Late Payment Terms
• Standard late payment rate: 1.5% per month (18% annual)
• Legal maximum varies by jurisdiction (check local laws)
• Compound interest may apply after 30 days
• Additional collection fees may be charged
• Late payments can impact credit scores and business relationships