Thailand Statutory default interest (ดอกเบี้ยผิดนัด)
Thailand Statutory default interest (ดอกเบี้ยผิดนัด) is 5 percent, in force since 11 Apr 2021. Last checked against the official source on 10 Aug 2026.
Thailand's statutory default interest under Civil and Commercial Code s. 224: the s. 7 general rate (3%) plus 2 percentage points = 5% per annum, both adjustable by Royal Decree on triennial Ministry of Finance review.
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| Current value | 5 percent |
|---|---|
| In force from | 2021-04-11 |
| Official source | ประมวลกฎหมายแพ่งและพาณิชย์ มาตรา 224 (Civil and Commercial Code s. 224, as amended by the Emergency Decree B.E. 2564): 'ดอกเบี้ยในระหว่างเวลาผิดนัดในอัตราที่กำหนดตามมาตรา ๗ บวกด้วยอัตราเพิ่มร้อยละสองต่อปี' (default interest at the s. 7 rate plus an addition of two per cent per year); s. 7: 'ให้ใช้อัตราร้อยละสามต่อปี' (the rate of three per cent per year shall apply) |
| Last verified | 2026-08-10 |
| Verification | secondary — Corroborated, but the primary instrument was NOT read (usually the publishing host blocks automated access). The operative words were read from a verbatim reproduction of the Government Gazette text of the 2021 Emergency Decree (Thai Wikisource); the Gazette PDF itself was not loaded this pass. Confirming against ratchakitcha.soc.go.th would lift this to primary. |
| Provenance | source fingerprint |
What this value means
Unified civil-and-commercial structure since 11 April 2021: s. 7 fixes the GENERAL statutory rate at 3% (where interest is payable but no rate fixed), and s. 224 fixes DEFAULT (late-payment) interest at the s. 7 rate plus 2 percentage points = 5%. The s. 7 rate is adjustable by Royal Decree on the Ministry of Finance's triennial review against average bank deposit/lending rates — the first review window (2024) produced NO Royal Decree, so 3%/5% remain in force; a future adjustment moves both rates together. Creditors with other lawful grounds can still claim higher. TRANSITION TRAP: 3%/5% apply only to interest falling due from 11 April 2021; the old 7.5% applies to earlier periods. Monitoring point: watch the Royal Gazette (ratchakitcha.soc.go.th) for a Royal Decree adjusting s. 7.
Get it programmatically
curl https://asiaref.dev/v1/th/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/th/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/th/statutory-interestOther Thailand series: Policy interest rate · Value added tax (standard rate) · VAT registration threshold · Minimum wage · Public holidays · Consumer price index / inflation · Corporate income tax (standard rate) · Withholding tax rates · Personal income tax (progressive bands) · Statutory social-insurance contributions
The same figure elsewhere: Türkiye · United Arab Emirates · Uzbekistan · Vietnam · Bahrain · all 28