Common use of For Fixed Rate of Interest First And Adjustable Rate of Interest Thereafter Clause in Contracts

For Fixed Rate of Interest First And Adjustable Rate of Interest Thereafter. For the fixed rate of interest for initial period of loan (period mentioned in schedule) the interest and the EMI shall be computed as under 2.3 A(hereinabove). For Adjustable Interest rate, for subsequent term of loan, the interest rate shall be applicable as per prevailing IHFL-FRR, as on date of switching and agreed margin on the same, on the date of application of adjustable interest rate and accordingly the interest and the EMI will be computed as under 2.3 B(hereinabove).

For Fixed Rate of Interest First And Adjustable Rate of Interest Thereafter. For the fixed rate of interest for initial period of loan Loan (period mentioned in scheduleSchedule) the interest and the EMI shall be computed as under Article 2.3 A(hereinaboveA (hereinabove). For Adjustable Interest rate, for subsequent term of loanLoan, the interest rate shall be applicable as per prevailing IHFL-FRR, as on date of switching and agreed margin on the same, on the date of application of adjustable interest rate Adjustable Interest Rate and accordingly the interest and the EMI will be computed as under Article 2.3 B(hereinaboveB (hereinabove).

For Fixed Rate of Interest First And Adjustable Rate of Interest Thereafter. For the fixed rate of interest for initial period of loan Loan (period mentioned in scheduleSchedule) the interest and the EMI shall be computed as under Article 2.3 A(hereinaboveA (hereinabove). For Adjustable Interest rate, for subsequent term of loanLoan, the interest rate shall be applicable as per prevailing IHFL-FRRIMLR, as on date of switching and agreed margin on the same, on the date of application of adjustable interest rate Adjustable Interest Rate and accordingly the interest and the EMI will be computed as under Article 2.3 B(hereinaboveB (hereinabove).

For Fixed Rate of Interest First And Adjustable Rate of Interest Thereafter. For the fixed rate of interest for initial period of loan (period mentioned in schedule) the interest and the EMI shall be computed as under 2.3 A(hereinaboveA (hereinabove). For Adjustable Interest rate, for subsequent term of loan, the interest rate shall be applicable as per prevailing IHFL-FRRLFRR, as on date of switching and agreed margin on the same, on the date of application of adjustable interest rate and accordingly the interest and the EMI will be computed as under 2.3 B(hereinaboveB (hereinabove).

For Fixed Rate of Interest First And Adjustable Rate of Interest Thereafter. For the fixed rate of interest for initial period of loan (period mentioned in schedule) the interest and the EMI shall be computed as under 2.3 A(hereinaboveA (hereinabove). For Adjustable Interest rate, for subsequent term of loan, the interest rate shall be applicable as per prevailing IHFL-FRR, as on date of switching and agreed margin on the same, on the date of application of adjustable interest rate and accordingly the interest and the EMI will be computed as under 2.3 B(hereinabove).