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Deposit & late-fee calculator

See what deposit to ask for, and how much interest a client owes on a late invoice.

Total project fee (R)Deposit (%)50% is common for creative work.Yearly interest rate (%)Check the current prescribed rate (Prescribed Rate of Interest Act) and update this.Days overdue

Ask upfront

R5 000.00

Interest owed after 30 days

R48.29

On the balance of R5 000.00. Simple interest, for guidance only.

Put these terms in a contract — free →

You can only charge late interest if your contract or invoice says so. This is not legal advice.