Loan repayment – since when has interest been paid?

When you have obligations on your account, you must respect a certain repayment date. This is very important because failure to comply with the repayment schedule can lead to the addition of penalty interest.

This is particularly important in the case of free payday loans, where even a day of delay in repayment means adding high costs to the amount. However, what if the payment date falls on a day off?

Loan repayment – since when has interest been paid?

Loan repayment - since when has interest been paid?

It is already known that if the loan installment falls on a day off, it is moved. It is important, however, that the date of receipt of the account is binding. If you make payments on the last day of the deadline and the money is credited to the lender’s account only the next day, you must take into account the possibility of charging penalty interest for late payment.

This situation occurs if there is no compliance of banks, so for your own safety, it is better to make payments in advance. This should be noted especially in the case of free payday loans, which must be settled within a strictly specified period.

The law clearly specifies which days of the year are public holidays. In addition, all Sundays are also included. Until recently, Saturdays were treated as a normal business day, however, the amendment to the provisions of the Civil Code caused that this situation changed. Currently, the maturity date is not used on Saturday, because in the case of repayments, this day is treated as free. In addition, the table presents public holidays regulated by art. 1 of the Act of January 18, 1951, on non-working days:

When calculating the due date for payment of liabilities, it is necessary to take into account the day of payment. This is important not only for loans but also for other receivables.

Payment deadline on a non-working day


By following the payment schedule, it’s worth knowing that if the last repayment day falls on a day off, it shifts to the next business day. In practice, this means that if the loan installment was to be settled on March 22 and it falls on Sunday, the payment automatically goes to Monday, March 23. The last day of the date on holiday is moved to a business day also in the case of:

  • tax,
  • invoices,
  • ZUS (Social Security Office) contributions,
  • loan repayments.

However, you should not delay the payment at the last minute, because exceeding the deadline is associated with the accrual of interest.

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