OREANDA-NEWS.  August 14, 2013. The rate of penalty for late payment for private customer credit products (except leasing) will change from 1st of  November 2013.

Currently valid rate of penalty is ECB interest rate * + 7% a year  (0,021% a day).

Rate of penalty valid as of 01st of November 2013 is ECB interest rate * + 8% a year  (0,023% a day).
 
* The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.