Want to charge interest on late payments? We are giving you sample email letter templates to inform the payee that all the due payments will be charged at a 3.5% interest rate if you need a new or custom letter. Please let us know in the comments
Late Payment Interest Charge Letter
Name of Person,
Designation,
Company Name,
Address, City
Subject: Final Intimation for Past Due Payment
Dear Sir/Madam,
Your past due payment of invoice number (number here) is still due even though the agreed (date here) date is passed. You are requested to clear the invoice immediately as per your promise. Otherwise, you will be charged a 3.5% interest rate daily on all the pending amounts until the final payment.
All other expenses incurred due to non-payment will also be your responsibility, including interest. This invoice copy is attached for your review. I will be grateful for your timely cooperation.
Sincerely Yours,
Your Name
Late Payment Interest Charge Letter as Per Bank Requirements
Name of Person,
Designation,
Company Name,
Address, City
Subject: Final Intimation for Past Due Payment
Dear Sir/Madam,
Your past due payment of invoice number (number here) is still due even though the agreed (date here) date is passed. You are requested to clear the invoice immediately as per your promise. Otherwise, you will be charged a 3.5% interest rate daily on all the pending amounts until the final payment according to the bank lease payment agreement.
All other expenses incurred due to non-payment will also be your responsibility, including compound interest by the bank. The invoice copy is attached for your review. I will be grateful for your timely cooperation.
Sincerely Yours,
Your Name
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