Credit Card Debt Installment Interest Rate Sample Clauses

Credit Card Debt Installment Interest Rate. As of 27 September 2016, the outstanding credit card debts of the card holders available as of that date may be split into installments if demanded so by the card holders and deemed acceptable by the Bank. Then the amount of installment payable in each month is added to the minimum payment amount of the relevant month. Cards of the card holders involved in this transaction are closed to any limit increase for a period of 6 months. The credit card may become excess- limited due to this action, but an excess limit interest is not charged and collected in this case. The monthly contractual interest rate applicable on Credit Card Debt Installment (except for the Resource Utilization Support Fund and the Banking and Insurance Transactions Tax) is 1.84%.
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