Statutory Interest Calculator - Georgia

Under O.C.G.A. § 7-4-12(a), statutory and judgment interest equal Federal Reserve prime rate plus three percent, fixed on the judgment date. In May 2026, with prime at seven point five percent (7.50%), the rate is ten point five percent (10.50%) per year. Express contract rates govern under § 7-4-12(b). General legal rate is seven percent (7%) under § 7-4-2 when neither applies. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing.

Post-judgment under § 7-4-12 from judgment date. Pre-judgment tort under § 51-12-14 thirty days after demand letter at prime plus three percent. Contract rates from breach when the agreement controls. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing.

Express contract rate under O.C.G.A. § 7-4-12(b) governs when provided. Otherwise § 7-4-12(a) prime plus three percent applies to judgments. § 7-4-2 seven percent applies only when neither contract nor judgment formula controls. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing.

O.C.G.A. § 9-12-10 requires simple interest. No compounding on interest in routine statutory accrual. This calculator uses simple interest only. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing.

Pre-judgment tort: prime plus three percent after thirty-day demand under § 51-12-14. Post-judgment: prime plus three percent fixed at judgment under § 7-4-12. Segment phases and document demand letters. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing.

Simple interest: principal times rate times years. Twenty-five thousand dollars at ten point five percent for eighteen months equals three thousand nine hundred thirty-seven dollars and fifty cents. Use prime on judgment date plus three percent. TheLegalCalc multiplies your inputs. Document principal, rate category, payment chronology, and governing statute on every demand letter or payoff quote. Partial payments reduce the principal base prospectively under the applicable interest formula. This calculator provides educational estimates only and does not replace advice from a licensed attorney familiar with your court, claim type, and docket. Verify official statute text and court rules before filing, settling, or enforcing.