Article 395 RF Civil Code Interest Calculator
Calculate statutory default interest on debt under Article 395 of the Russian Civil Code using historical CBR rates.
What is the Article 395 RF Civil Code Interest Calculator?
The Article 395 RF Civil Code Interest Calculator computes statutory interest for late payments and non-performance of financial obligations. In Russia, legal default interest is calculated based on the Central Bank of Russia (CBR) key interest rate (*Ключевая ставка ЦБ РФ*). This tool automatically applies historical key rates day-by-day according to the dates of your default period, including leap year calendar adjustments, ensuring court-ready claims.
How Does the Article 395 RF Civil Code Interest Calculator Work?
Enter the outstanding debt amount (principal) in rubles. Specify the start date of the default period and the end date of the calculation in YYYY-MM-DD format. The calculator runs a day-by-day loop, identifies the active CBR key rate for each day, accounts for leap years (365 vs. 366 days), and aggregates the total interest payable.
Formula & Calculation Method
Daily Interest = Principal × (CBR Key Rate on that day ÷ Number of days in the year). Total Interest is the sum of daily interest payments over the default range. Leap years are calculated with a denominator of 366 days, normal years with 365 days. CBR key rates are loaded dynamically from a historical database.
Example Calculation
For a debt of 100,000 ₽ from 2024-01-01 to 2024-12-31 (366 days, leap year). During 2024, the key rate was 16.0% (Jan-Jul), then 18.0% (Aug-Sep), 19.0% (Sep-Oct), and 21.0% (Oct-Dec). The total interest accumulated is approximately 17,620 ₽, leading to a total payable amount of 117,620 ₽.
Frequently Asked Questions
Daily Interest = Principal × (CBR Key Rate on that day ÷ Number of days in the year). Total Interest is the sum of daily interest payments over the default range. Leap years are calculated with a denominator of 366 days, normal years with 365 days. CBR key rates are loaded dynamically from a historical database.
Disclaimer: This financial calculator is provided for educational and estimation purposes only. ProCalc is not a registered financial advisor or SEBI entity. Rates and tax rules may vary.