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Interest Act (Chapter 100)

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This is the latest version of this legislation commenced on 01 Dec 2014.

Seychelles

Interest Act

Chapter 100

  • Commenced on 7 April 1883

  • [This is the version of this document at 1 December 2014.]


[Act 35 of 1982 (Mauritius); Act 9 of 1946]


1. Short title

This Act may be cited for all purposes as the Interest Act.

2. Any rate of interest may be stipulated for

It shall henceforth be lawful by contract to stipulate any rate of interest on sums of money.

3. Legal rate of interest

Whenever the rate of interest shall not be fixed by contract, the legal rate of interest shall be four per centum per annum in civil or commercial matters.