Common use of Interest Rate and Interest Clause in Contracts

Interest Rate and Interest. 1.1 The interest rate is determined by the benchmark interest rate plus the floating range, the overdue interest rate shall be determined by the same manner. 1.2 If the interest is settled monthly, the settlement date shall be 20th of each month, if the interest is settled quarterly, the settlement date shall be 20th of the third month, if the interest is settled semi-annually, and the settlement date shall be June 20th and December 20th. 1.3 The first interest period is from the withdraw date to the first settlement date; the last interest period is from the second date of previous settlement to the repayment date. The rest interest periods are from the second date of previous settlement to the next settlement date. 1.4 Loan interest = loan principal × daily interest rate × actual days of use. If equal principal and interest repayment method is adopted, the calculation formula of principal and interest shall be as follows: Total principal and interest of each period = (financing principal × period interest rate × period repayment period)/ ((period interest rate) repayment period -1) 1.5 The new interest rate shall be adopted in case the People's Bank of China decides to adjust the determination method for the interest rate, and the lender is not obligated to notify the borrower. 1.6 If the interest rate on the signing date is lower than the LPR rate, the lender has the right to cancel the interest preference based the evaluation of policy change, credit status, etc. and notify the borrower in time every year.

Interest Rate and Interest. ​ 1.1 The interest rate is determined by the benchmark interest rate plus the floating range, the . The overdue interest rate shall be determined by the same manner.. ​ 1.2 If the interest is settled monthly, the settlement date shall be 20th of each month, ; if the interest is settled quarterly, the settlement date shall be 20th of the third month, ; if the interest is settled semi-annually, and the settlement date shall be June 20th and December 20th.. ​ 1.3 The first interest period is from the withdraw date to the first settlement date; the last interest period is from the second date of previous settlement to the repayment date. The rest interest periods are from the second date of previous settlement to the next settlement date.. ​ 1.4 Loan interest = loan principal × daily ×daily interest rate × actual ×actual days of use. ​ If equal principal and interest repayment method is adopted, the calculation formula of principal and interest shall be as follows: ​ Total principal and interest of each period = (financing principal × period interest rate × period repayment period)/ ((period interest rate) repayment period -1)) ​ 1.5 The new interest rate shall be adopted in case the People's ’s Bank of China decides to adjust the determination method for the interest rate, and the lender is not obligated to notify the borrower.. ​ ​ ​ 1.6 If the interest rate on the signing date of this agreement is lower than the LPR ratepublished by the National Interbank Lending Center, the lender has the right to reevaluate annually and cancel part or all of the interest preference based the evaluation of policy change, the borrower’s credit status, etc. and notify the borrower in time every year.a timely manner. ​ 1.7 Unless otherwise stated, the loan interest rate in this contract is the annualized interest rate calculated by the simple interest method. ​

Interest Rate and Interest. 1.1 The interest rate is determined by the benchmark interest rate plus the floating range, the overdue interest rate shall be determined by the same manner. 1.2 If the interest is settled monthly, the settlement date shall be 20th of each month, if the interest is settled quarterly, the settlement date shall be 20th of the third month, if the interest is settled semi-annually, and the settlement date shall be June 20th and December 20th. 1.3 The first interest period is from the withdraw date to the first settlement date; the last interest period is from the second date of previous settlement to the repayment date. The rest interest periods are from the second date of previous settlement to the next settlement date. 1.4 Loan interest = loan principal × daily interest rate × actual days of use. If equal principal and interest repayment method is adopted, the calculation formula of principal and interest shall be as follows: Total principal and interest of each period = (financing principal × period interest rate × period repayment period)/ ((period interest rate) repayment period -1) 1.5 The new interest rate shall be adopted in case the People's ’s Bank of China decides to adjust the determination method for the interest rate, and the lender is not obligated to notify the borrower. 1.6 If the interest rate on the signing date is lower than the LPR rate, the lender has the right to cancel the interest preference based the evaluation of policy change, credit status, etc. and notify the borrower in time every year.