Indiana Late Fee Calculator

Find the legal maximum late fee in Indiana. Based on Ind. Code §24-4.6-1-101 (interest on judgments and contracts).

Max per month

1.5%

Annualized cap

18%

Written agreement

Required

Grace period

0 days

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Indiana Late Fee Calculator

Based on Ind. Code §24-4.6-1-101 (interest on judgments and contracts)

Invoice amount (USD)Days past dueRate (% per month)Max allowed: 1.5%/mo

Late fee owed$15.00

QuickBillMaker applies late fees automatically based on your configured policy. Set it once and stop chasing payments by hand.

How Indiana late fees work

In Indiana, late payment fees on commercial invoices are governed by Ind. Code §24-4.6-1-101 (interest on judgments and contracts). The legal maximum is 1.5% per month (18% annualized). Legal rate is 8% per year. Commercial contracts may set higher rates in writing.

The fee must be stated in a written agreement before the work is performed. Without a written rate, only the statutory default rate applies.

Indiana prompt-pay law

Indiana Prompt Payment Act (Ind. Code §5-17-5 for state; §32-28-12.5 for construction) State: 35 days from invoice. Construction subs paid within 10 days of GC receiving payment.

Stop calculating late fees by hand

QuickBillMaker applies your Indiana late fee rate automatically when invoices go overdue.

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