Illinois prejudgment interest rate
United States Illinois’s prejudgment interest rate — when a court awards it.
→ All Illinois judgment & prejudgment interest rates
Fixed by statute Fixed by statute
2026 Illinois prejudgment interest at a glance
- Current rate
- 6% / 5% per year
- Effective date
- July 9, 2026
- Controlling authority
- 735 ILCS 5/2-1303(c)
- Rate basis
- Fixed by statute
- Source checked
- July 9, 2026
- Recorded history
- 1 data point
Illinois prejudgment interest is 6% / 5% per year, as simple interest under 735 ILCS 5/2-1303(c).
When Illinois prejudgment interest applies
Illinois’s prejudgment interest rate — when a court awards it.
When it starts accruing
Personal injury/wrongful death (735 ILCS 5/2-1303(c)): accrues from the date the action is FILED (tolled while voluntarily dismissed and refiled), capped at 5 years maximum.
Simple or compound
Simple interest. 735 ILCS 5/2-1303(c) provides "interest calculated at the rate of 6% per annum" with no compounding language; the Interest Act 815 ILCS 205/2 likewise provides simple 5% per annum.
→ Compare with the Illinois post-judgment interest rate (interest after judgment)
Prejudgment interest under 735 ILCS 5/2-1303(c) — 6% / 5% (simple interest). This is PREjudgment interest (accruing before entry of judgment) and is separate from Illinois’s post-judgment rate; availability is limited by claim type (see the page). Verify against the statute text. Not legal advice.
Current recorded observation
| Effective date | Rate | Basis |
|---|---|---|
| July 9, 2026 | 6% / 5% | Statute |
Source & provenance
Observation recorded July 9, 2026 (00:00 UTC) from the cited source (Illinois — ilga.gov):
https://ilga.gov/documents/legislation/ilcs/documents/081502050K2.htm
Cite this page
StatuteRates. “Illinois Prejudgment Interest Rate.” StatuteRates.com. Accessed today. https://statuterates.com/rates/illinois-prejudgment-rate/ Rate recorded under 735 ILCS 5/2-1303(c), effective July 9, 2026.