What is the maximum interest rate on overdue balances?

The maximum interest rate on overdue balances varies by jurisdiction and the type of debt involved. In many places, usury laws cap the interest rates that can be charged on overdue balances, often ranging from 6% to 25%. It's important to consult local regulations or specific agreements to determine the applicable maximum rate for a particular situation. Always check with a financial advisor or legal expert for precise information based on your location.