ANNUAL INTEREST RATE Clause Samples
The Annual Interest Rate clause defines the percentage rate at which interest will accrue on outstanding amounts over a one-year period. Typically, this clause specifies the exact rate or the method for determining it, and clarifies whether the rate is fixed or variable, as well as how and when interest is calculated and paid. Its core function is to ensure both parties understand the cost of borrowing or the return on funds, thereby preventing disputes over interest calculations and payment obligations.
POPULAR SAMPLE Copied 2 times
ANNUAL INTEREST RATE. We will charge you interest on the Loan at a rate of % per annum. This is the only rate you will pay unless you are in default. The Annual Interest Rate is fixed for the full period of this Loan except as set out in clause 12.2(b)(iii) of the General Terms. If you have been referred to us by a dealer/broker/introducer (a Dealer) the interest rate that we charge may be determined by the Dealer (subject to a maximum rate set by us) and the Dealer may receive commission from us in addition to the Dealer/Broker/Introducer Fee which we charge you. The commission will be based on the interest rate determined by the Dealer. There is no interest-free period under this Agreement Company Branch/Broker Expiry date C/N or Policy No. Amount $ All credit fees and charges (including default charges) that you might need to pay us under this Agreement (which are not part of the LOAN AMOUNT in these Commercial Terms) are listed in the attached FEE SCHEDULE. If you do not pay an amount when it is due, we will also charge you interest at a Default Interest Rate. We give you information about the default interest charges in clause 5.1 of the General Terms. You should be aware that we can change the credit fees and charges you might have to pay under clause 12.2(b)(ii) of the General Terms. You can pay the Loan back early by paying us the Full Prepayment Amount defined in clause 3.3(a) of the General Terms. The Full Prepayment Amount includes an Early Settlement Fee and an amount equal to our reasonable estimate of our loss arising from full prepayment (if any) – that is, a loss that relates to differences in interest rates. Our reasonable estimate of our loss will not be any more than an amount calculated using the formula set out in regulation 9 or regulation 11 of the Credit Contracts and Consumer Finance Regulations 2004.
ANNUAL INTEREST RATE. The interest rate will be equal to percent ( %) per annum.
ANNUAL INTEREST RATE. Subject to the terms of this Note, the principle amount of this note shall be paid with interest thereon at the rate of six percent (6%) per year (computed on the basis of a 360-day year of twelve 30-day months) compounded annually.
ANNUAL INTEREST RATE. The Annual Interest Rate referenced in the 2012 Loan is hereby deleted in its entirety and shall, as of the Amendment Effective Date, be amended to read in its entirety as follows:
ANNUAL INTEREST RATE. The Annual Interest Rate will be based on a base rate. The base rate will be Lender's Personal Lending Rate applicable from time to time. The Lender's published base rates are available at Lender's website ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ . In addition, Lender’s published base rates are available by contacting the Lender's head office. The Lender may change the base rate, replace it with a new base rate, or change the modifier or the margin, from time to time.
ANNUAL INTEREST RATE. Interest will be charged on each purchase from the day after the relevant Interest Free Period expires, and on other amounts from the date charged. The Annual Interest Rate is 27.95% (this may vary from time to time). Interest charges are calculated by multiplying the relevant portion of the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your EasyCard Account monthly. The interest rate on purchases during the Interest Free Period is 0%. The following credit fees and charges apply: • There are no Establishment fees or account maintenance fees. • Paper Statement Fee: If you advise us that you wish to receive paper Statements rather than receiving them by email or other form of electronic communication: Currently $1.00 per Statement. Note that your EasyCard Contract allows us to vary these fees and charges.
ANNUAL INTEREST RATE. The Annual Interest Rate for the purposes of the daily calculation of the interest owed on the Total Principal Amount and the Amount in Arrears varies in accordance with the increase or decrease of the Prime Rate. This increase or decrease may affect the loan amortization period.
ANNUAL INTEREST RATE. The interest rate will be equal to zero percent (0%) per annum.
ANNUAL INTEREST RATE. We will charge you interest on the Loan at a rate of % per annum. This is the only rate you will pay unless you are in default. The Annual Interest Rate is fixed for the full period of this Loan except as set out in clause 12.2(b)(iv)
ANNUAL INTEREST RATE. Each Fixed Advance shall bear interest at a rate, per annum, equal to the Cash Interest Rate for such Fixed Advance.