← Back to Starter Tools
late-fee

Late Fee Calculator

Enforce penalties on late invoices. Calculate interest and get a ready-to-send collection email.

✓ FREE TOOL
When was the invoice originally due?
1.50% monthly
Standard freelance late fee: 1.5% monthly (18% annually)

⚖️ Legal Notes

Important: Late fees must be specified in your contract or terms of service to be enforceable.

  • 18% APR (1.5% monthly) is standard for freelance contracts
  • Some jurisdictions cap late fees - check your local laws
  • Document all payment reminders for potential legal action
  • Consider collections agencies after 60+ days overdue

This calculator is for informational purposes. Consult a lawyer for legal advice.