Common use of Interest and Interest Rate Clause in Contracts

Interest and Interest Rate. 4.1 Principal interest rate shall be determined as benchmark interest rate on the exact withdrawal day announced by People’s Bank of China for the same loan category and same date, plus a premium up to 20%, which means the interest rate herein is 6.372%.

Interest and Interest Rate. 4.1 Principal interest rate shall be determined as benchmark interest rate on the exact withdrawal day announced by People’s Bank of China for the same loan category and same date, plus a premium up to 2030%. If any single withdrawal of the loan exceeds six (6) months from the execution date of this Agreement, which means Creditor shall have right to adjust the interest rate herein is 6.372%for that specific withdrawal according to Creditor’s interest policy by informing debtor in writing.