Interest Rate and Interest Calculation. 10.3.1 The total interest chargeable on the facility is calculated at a flat rate of 4% per month on the base of the principal loan amount plus capitalized fees (where applicable) subject to the applied loan term. In accordance with globally accepted International Financial Reporting Standards (IFRS), principal and interest repayments on the loan amortization schedule shall be calculated on the basis of an equivalent reducing balance interest rate of up to a maximum of 6.64% subject to the loan term, which shall form the basis of calculating the outstanding amount due in the event of a prepayment.
Interest Rate and Interest Calculation. 3. Unless otherwise agreed in this Agreement, the interest shall be calculated from the date of first drawdown and the actual days of the term of the loan. The actual days of the term of the loan include the first day but exclude the last day. Daily interest rate= monthly rate / 30, monthly interest rate = annual interest rate/ 12.
Interest Rate and Interest Calculation. 4.1. The loan interest rate is calculated by daily at a rate based on the actual withdrawal amount and outstanding days from the withdrawal date.
Interest Rate and Interest Calculation. The interest rate of the loan is 5.742% per annum. During the effective period of the Contract, the contractual interest rate shall remain unchanged. Interest of the loan shall be calculated from the date the Borrower actually draws down the loan, in accordance with the actual drawdown amount and the number of days elapsed on the basis of 360 days a year. The Borrower adopts the method in sub-clause (1) below in paying interest:
Interest Rate and Interest Calculation. 3.1. The interest shall be defined during each transaction in accordance with the lender’s interest system policy. Daily interest rate = monthly interest rate/30, monthly interest rate = annual interest rate/12 In case interest defined in the Quota Utilization Application form is fixed interest, this fixed interest rate will be used for this loan. In case interest defined in the Quota Utilization Application form is variable interest, the variable interest rate will be used for this loan, and this rate will be adjusted in accordance with the published rate by the People’s Bank of China.
Interest Rate and Interest Calculation. 2.1 Interest rate under this Contract is RMB Fixed interest rate. The rate is at _12___% per annum, which shall remain unchanged within the term of this Contract.
Interest Rate and Interest Calculation. 4.1 Interest Rate Interest rate for the loan shall be determined in accordance with Item (2)below:
Interest Rate and Interest Calculation. The rate of interest (the "Interest Rate") is
Interest Rate and Interest Calculation. 4.1. Interest payment and calculation: The formula for calculating the interest is as follows: Interest on the loan = (the prescribed interest rate under this Loan Contract) x (Loanamount) x (actual days of use), where actual days of use is calculated from the day the Loan is issued. Settlement of interest under this Loan Contract is to be calculated per month. The settlement date is the 20th day of each month. All principal and interest shall be paid in full on the day the term of the Loan expires.
