Ecuador Statutory legal interest (tasa de interés activa legal)
Ecuador Statutory legal interest (tasa de interés activa legal) is 6.79 percent, in force since 1 Aug 2026. Last checked against the official source on 10 Aug 2026.
Ecuador's legal interest: the Banco Central del Ecuador's monthly Tasa de Interés Activa Legal, which the Código Civil adopts by reference as the rate owed on money debts in default — 6.79% per annum for August 2026.
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| Current value | 6.79 percent |
|---|---|
| In force from | 2026-08-01 |
| Official source | Banco Central del Ecuador, Tasas de Interés — Agosto 2026: Tasa Legal 6.79%, Tasa Máxima Convencional 7.86%. Statutory hook: Código Civil (Codificación 2005-010) art. 2110: 'Si se estipulan en general intereses, sin determinar la cuota, se entenderán los intereses legales. Interés legal es el que determine el organismo competente del Estado' |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Ecuador fixes no number in statute: Código Civil art. 2110 delegates the legal rate to 'el organismo competente del Estado', and that rate is published monthly by the Banco Central del Ecuador as the Tasa de Interés Activa Legal (TAL). By the BCE's own methodology the TAL 'es igual a la tasa de interés activa efectiva referencial para el segmento productivo corporativo', and the Tasa de Interés Activa Máxima Convencional (TAMC) 'es igual a la tasa activa efectiva máxima del segmento productivo corporativo' — for August 2026 those are 6.79% and 7.86% respectively (Tasa Pasiva Referencial 5.10%). Amounts are in US dollars; Ecuador is dollarised. WHAT A CREDITOR CLAIMS ON A LATE MONEY DEBT: Código Civil art. 1575(1) — 'Se siguen debiendo los intereses convencionales, si se ha pactado un interés superior al legal, o empiezan a deberse los intereses legales, en el caso contrario', so the legal rate is the floor that starts running on mora only where no higher rate was agreed; art. 1575(2) removes any need to prove loss when only interest is claimed ('basta el hecho del retardo'); art. 1575(3) 'Los intereses atrasados no producen interés' and art. 2113 'Se prohíbe estipular intereses de intereses' — no compounding. CEILING AND PENALTY: art. 2109 defines the maximum conventional rate and the interés corriente, and expressly gives the Banco Central's Directorio power to set the mora rate applied from maturity; art. 2115 punishes a creditor who charges above the maximum with forfeiture of 20% of the credit to the IESS Seguro Social Campesino, even if the excess is dressed as a penalty clause. SEPARATE REGIME FOR REGULATED LENDERS: credit granted by supervised financial entities is priced within the Junta de Política y Regulación Financiera segment ceilings (Resoluciones JPRF-F-2021-004, 2022-031, 2022-053, 2023-070), and default there is charged as a graduated mora surcharge of up to 10% over the contractual rate on the overdue capital, not at the TAL. NEXT FIXING: the September 2026 table, published by the BCE at the start of the month; the TAL changes month to month. Retrieval note: the per-month PDF path (Tasas-Interes-<Mes><Año>.pdf) returns an HTML wrapper or 404 to automated fetchers — read the figures from the Indice.htm page cited above.
Get it programmatically
curl https://latamref.dev/v1/ec/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://latamref.dev/v1/ec/statutory-interest/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/ec/statutory-interestOther Ecuador series: BCE policy rate (none — fully dollarized economy) · IVA standard rate · VAT registration threshold · Salario Básico Unificado (SBU), monthly · Public holidays (feriados nacionales) · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: El Salvador · Guatemala · Guyana · Honduras · Jamaica · all 22