---
title: "Creating and Configuring Interest Rates"
description: "Interest rates are used to calculate the current value of lease payments. They are key to determining lease liability and the right-of-use asset for the balance sheet."
source_url: https://support.lucanet.com/en/documentation/lease-accounting/basic-configuration-lease-accounting/manage-interest-rates
language: en
last_updated: 2026-05-01
---
# Creating and Configuring Interest Rates
## Overview
**Interest rates** are used to calculate the **current value of lease payments**. They are key to determining lease liability and the right-of-use asset for the balance sheet.
To provide a **basis** for accounting leases, **interest rates** can be managed in the workspace of the same name. New interest rates can either be created **manually** or added by **importing CSV files**.
Interest rates can also be entered manually during the [creation or modification of a contract component](https://support.lucanet.com/en/documentation/lease-accounting/data-collection/create-configure-contract-components.md), which will override pre-configured interest rates, if any were set.
To allow calculation of country-specific interest rates and rates for different [asset classes](https://support.lucanet.com/en/documentation/lease-accounting/basic-configuration-lease-accounting/manage-asset-classes.md), each interest rate is always created for a specific combination of **asset class**, **country or region** and **currency**. In addition to this, the interest for each interest rate is split into maturity brackets.
> **Warning:** To ensure that an interest rate can be used for a specific asset class, start by creating the asset class in the [Asset Classes](https://support.lucanet.com/en/documentation/lease-accounting/basic-configuration-lease-accounting/manage-asset-classes.md) workspace.
## The ‘Interest Rates’ Workspace
The **Interest rates** workspace displays all the Interest rates that have already been created:
The 'Interest rates' workspace
## Creating an Interest Rate
Click **Add a new interest rate** to create a new interest rate.
The **New interest rate** dialog is displayed:
The 'New interest rate' dialog
> **Note:** It is also possible to manually enter an interest rate during the [creation or modification of a contract component](https://support.lucanet.com/en/documentation/lease-accounting/categorization.md). This manual entry will override any interest rate that might have been pre-configured.
## Configuring Interest Rates
When configuring an **interest rate**, the following options are available:
> **Note:** Fields marked with a \* are mandatory fields.
| Option | Description |
|---------|---------|
| Asset class | Asset class to which the interest rate applies
**Note:** Only those asset classes that have already been created in the [Asset classes](https://support.lucanet.com/en/documentation/lease-accounting/basic-configuration-lease-accounting/manage-asset-classes.md) workspace will be available to choose from. |
| Currency | Currency to which the interest rate applies |
| Country or region | Country or region to which the interest rate applies |
| Valid from | Date from which the interest rate will apply |
| Yearly interest | Assignment of interest rates to maturity brackets. To do this, enter the applicable interest rate for each lease term.
The lease terms range from **Up to one year** to **Undefined year (terms > 20 years)**. |
## Importing Interest Rates
As an alternative to manual creation, interest rates can also be imported in the form of CSV files:
Area for importing interest rates
Select the following options in the area above the overview table:
- Click **Browse** and upload the required CSV file.
- Use the **Drag & Drop** method to add the required CSV file.
Once this is done, click **Start import**.
> **Tip:** **CSV Import Templates**
>
> To make automatic imports easier for you, we have provided a template for the CSV file. The structure of this template matches that required for the import.
>
> The CSV file includes instructions on how to add the data.
>
> Use the following link to download the template:
>
> - [Template for Interest Rate Imports](https://lnag.sharepoint.com/:x:/s/hubkm/ETQKqnSQmetAkErnFcX7GU8BdSO-IRUfJkenHlWsy9oRfQ?e=CvasnK)