Singapore Statutory late-payment interest
Singapore Statutory late-payment interest: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 10 Aug 2026.
Official source: Supreme Court Practice Directions 2021, para 109(2)(a) · Last checked 2026-08-10 · source fingerprint
Singapore fixes no general statutory or late-payment interest rate; the only fixed figure is the judiciary's 5.33% default for judgment debts, which attaches through court process, not by statute to unpaid invoices.
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| Current value | no single figure |
|---|---|
| In force from | — |
| Official source | Supreme Court Practice Directions 2021, para 109(2)(a): 'the rate of interest is 5.33% per year' (non-contractual interest under Rules of Court 2021 O 6 rr 6(7) and 7(8)); para 109(5): 5.33% on judgment debts under O 17 r 5(1)(b) |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
REFUSAL — no substantive statute gives a creditor a default interest rate outside litigation: pre-judgment interest is court discretion (Supreme Court of Judicature Act / Civil Law Act s 12), contract rates otherwise. The 5.33% per year figure is a JUDICIARY PRACTICE-DIRECTION default for default judgments and judgment debts — unchanged since April 2007, carried into the ROC 2021/PD 2021 regime from 1 April 2022, amendable by Registrar's Circular without any statute change, and the SICC may order different rates. A business cannot claim 5.33% on an unpaid invoice by statute; serving it as a late-payment rate would mislabel it. No civil/commercial split exists.
Get it programmatically
curl https://asiaref.dev/v1/sg/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/sg/statutory-interest/history?from=2020-01-01
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The same figure elsewhere: South Korea · Sri Lanka · Taiwan · Thailand · Türkiye · all 28