Late Payment and Instalment Interest Rates
Find the applicable interest rates for late payments and instalment plans. Rates vary by payment type and time period.
Last updated 19 January 2026
Interest rates:
Rental Late Payment Interest:
Period | Rate |
Before 01/06/2020 | 8.5% |
01/06/2020 – 31/03/2023 | 5.5% |
01/04/2023 – 30/09/2023 | 7.7% |
01/10/2023 – 30/09/2024 | 8.1% |
01/10/2024 - 31/03/2025 | 8.0% |
01/04/2025 - 30/09/2025 | 7.2% |
01/10/2025 - 31/03/2026 | 6.0% |
Non-rental Late Payment Interest:
Period | Rate |
01/02/2020 – 31/05/2020 | 5.0% |
01/06/2020 – 31/03/2023 | 5.5% |
01/04/2023 – 30/09/2023 | 7.7% |
01/10/2023 – 30/09/2024 | 8.1% |
31/10/2024 - 31/03/2025 | 8.0% |
01/04/2025 - 30/09/2025 | 7.2% |
01/10/2025 - 31/03/2026 | 6.0% |
Rental Instalment Interest:
Period | Rate |
01/02/2020 - 31/05/2020 | 3.0% |
01/06/2020 – 31/03/2023 | 5.5% |
01/04/2023 - 30/09/2023 | 4.7% |
01/10/2023 - 30/09/2024 | 5.1% |
01/10/2024 - 31/03/2025 | 5.0% |
01/04/2025 - 30/09/2025 | 4.2% |
01/10/2025 - 31/03/2026 | 3.0% |
Non-rental Instalment Interest:
Period | Rate |
01/02/2020 – 31/05/2020 | 5.0% |
01/06/2020 – 31/03/2023 | 5.5% |
01/04/2023 - 30/09/2023 | 4.7% |
01/10/2023 - 30/09/2024 | 5.1% |
01/10/2024 - 31/03/2025 | 5.0% |
01/04/2025 - 30/09/2025 | 4.2% |
01/10/2025 - 31/03/2026 | 3.0% |