Statement of interest (rentenota)
Also known as interest statement, interest specification, interest note
A statement of interest shows how the interest on a claim has been calculated — period by period, with the rate and the amount.
Key facts
- Shows
- Period, rate and amount
- Used for
- Collection and in the bailiff's court
- Calculated on
- The principal
In practice
A statement of interest is not a claim in itself. It is the documentation for the interest figure already on the statement of account — and it decides whether that figure can be defended.
It has to be readable by someone who does not know the case: which principal was used, which period, which rate across which part of the period. If the rate changes midway, the statement must split the period.
If the debtor disputes the interest, it is the statement that gets produced. If it cannot be followed, it is the creditor who has the problem.
Where it commonly goes wrong
- The interest appears as a single figure with no workings. An amount without a calculation is an assertion, not a claim.
- The period is not split when the rate changes. Then the statement is wrong, however neatly it is laid out.