• How is interest calculated?

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Interest is generally calculated as follows:

    number of days

      365*

    X

    amount of payment

    X

    interest rate for period

           100

    *366 for a leap year

      Last modified: 26 May 2016QC 48156