This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Interest in Delaware

Under Delaware law, the legal rate of interest is set at 9.5% per annum by 6 Del. C. § 2301(a). This statute establishes the default rate applicable when a contract does not specify a different interest rate, or when no other rate is provided by law. The interest accrues on the principal amount owed, calculated on a simple basis unless the parties have agreed otherwise in writing. The official text of the statute, available at the linked source, outlines the rule and any applicable exceptions. For a precise estimate of interest in a specific case, the calculator on this page applies the statutory rate to the relevant principal and time period.

Interest calculation example

For a Delaware this interest calculation, use the verified rate from the current rule packet: 9.5%. The verified packet cites 6 Del. C. § 2301(a) (https://delcode.delaware.gov/title6/c023/).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 9.5% = 0.095
• Multiply principal by the rate and the day fraction.
• Example interest: $950.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Interest calculation example

For a Delaware this interest calculation, use the verified rate from the current rule packet: 9.5%. The verified packet cites 6 Del. C. § 2301(a) (https://delcode.delaware.gov/title6/c023/).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 9.5% = 0.095
• Multiply principal by the rate and the day fraction.
• Example interest: $950.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Estimate your own result: every situation has exceptions that can change the outcome. Use the interest calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.