Common use of Fixed Interest Rate Clause in Contracts

Fixed Interest Rate. The annual interest rate is 8%, i.e. the one-year LPR issued by the National Inter-bank Funding Center plus 415bps (1bps = 0.01%) on the date of issuance of the latest Loan Prime Rate (hereinafter referred to as “LPR”) before the signing date of this Contract (20th of each month, postponed on holidays). The interest rate shall not change during the borrowing period of this Contract.

Fixed Interest Rate. The annual interest rate is 8%, i.e. the (☐ one-year LPR / ☐ LPR over five years) issued by the National Inter-bank Funding Center plus 415bps (☐ plus/☐ minus) 435bps (1bps = 0.01%) on the date of issuance of the latest Loan Prime Rate (hereinafter referred to as “LPR”) before the signing date of this Contract (20th of each month, postponed on holidays). The interest rate shall not change during the borrowing period of this Contract.