Regulations on Interest Rates under the 2015 Civil Code
Article 468 – Interest Rates
1. The lending interest rate shall be agreed upon by the parties.
In cases where the parties have an agreement on interest, the agreed interest rate shall not exceed 20% per year of the loan amount, unless otherwise provided by relevant laws. Based on actual circumstances and upon the proposal of the Government, the Standing Committee of the National Assembly may decide to adjust the said maximum interest rate and shall report to the National Assembly at its nearest session.
If the agreed interest rate exceeds the maximum limit provided in this Clause, the excess portion of the interest rate shall be invalid.
2. Where the parties have agreed to pay interest but have not clearly determined the interest rate, and a dispute arises regarding the interest rate, such interest rate shall be determined at 50% of the maximum limit specified in Clause 1 of this Article at the time of repayment.
