Interest Rate of Loan. The calculation of interest under this Agreement shall be subject to the provisions of Article 3 of this Agreement.
Interest Rate of Loan. 1. The loan interest rate and the adjustment method of this contract are detailed in Article 16, Paragraph 3.
2. When the ability of the collateral to secure the loan is reduced, or in the event that the Borrower and the guarantor (if any) encounters any of the situations specified in Paragraphs 3 to 16 of Article 8 hereunder, the Borrower may repay the loan in advance. If the Borrower cannot repay the loan in advance, the Lender has the right to charge interest at the interest rate of 5% -20% on the basis of the original execution interest rate. The specific adjustment date and adjustment range shall be notified to the Borrower and the guarantor separately.
Interest Rate of Loan. 5.1 The loan interest rate under this contract shall be determined in the following way:
5.1.1 The loan interest rate is set as a (þfixed/☒floating) interest rate.
5.1.2 Fixed interest rate, the interest rate remains unchanged during the life of the contract. The source of the fixed interest rate is the one-year Loan Prime Rate (LPR) (þplus/☒minus) 113 prime points (one prime point is 0.01%) published by the national interbank lending center one working day before (þfirst withdrawal date / ☒ date of each withdrawal). The specific interest rate shall be in accordance with Party B’s loan certificate.
5.1.3 Floating interest rate, the interest rate for each loan is set at the base rate (þplus/☒minus) a floating range, among them, the benchmark interest rate is the / (year/month) Loan Prime Rate (LPR) published by the national interbank lending center one working day before / the (withdrawal date for each loan /effective date of the contract), the floating range is / (up/down/zero) / % or / (plus/minus/zero) / prime points (one prime point is 0.01%).
5.1.4 If the loan interest rate is the floating interest rate, after each loan withdrawal, if the Loan Prime Rate changes, the loan interest rate shall be adjusted in the following manner: ☒ If interest is settled and the rate is adjusted monthly, the adjusted loan interest rate becomes effective on the next day of the first interest settlement date after the Loan Prime Rate readjusts; ☒ If the interest is settled and the rate is adjusted quarterly, the adjusted loan interest rate becomes effective on the next day of the first interest settlement date after the Loan Prime Rate readjusts; ☒ If the interest is settled and the rate is adjusted annually, the adjusted contract loan interest rate: ☒ becomes effective on the next day after the first interest settlement date of the following year; ☒ becomes effective on the next day after the first interest settlement date one year after the loan starts ☒ Others: No content here, adding content is invalid.
5.1.5 When adjusted according to 5.1.4 above, the adjusted loan interest rate shall be calculated according to the periodical Loan Prime Rate under 5.1.3 on the prior business day of the corresponding interest settlement date, plus or minus the base rate.
5.2 The loan under this contract is charged interest from the actual withdrawal date, the formula for calculating interest is as follows: Interest = Actual loan balance × Actual days of interest-bearing period × Annual...
Interest Rate of Loan. 4.1 This Loan shall bear interest at a rate of _5.31____‰ per month (mid-term current bank loan rate is fixed annually). Interest will be calculated daily since the actual withdrawal date, and paid monthly. Date of interest payment is 20th day of each month (the 20th day of each month/ the 20th day of last month of each quarter), interests will be paid off with loan due to expiry date.
4.2 If the People’s Bank of China adjusts the benchmark interest rate, and the adjustment fit this contract, the interest rate of the loan is calculated based on the new interest rate and method above without additional notice to the borrower.
Interest Rate of Loan. The loan hereunder shall be repaid in one lump sum from the date of allocation by Party A when the principal is due.
Interest Rate of Loan. The rates of this loan will be 5% above the benchmark lending rate published by the People’s Bank of China for the loan of the same grade. This rate under this contract will be adjusted according to the benchmark lending rate published by the People’s Bank of China for the loan of the same grade on the same date that the People’s Bank of China adjusts the benchmark lending rate for the loan of the same grade. The adjusted loan interest rate will be 5% above the benchmark lending rate published by the People’s Bank of China for the loan of the same grade. The penalty interest rate will accrue from the date that the loan is overdue or diverted for other use, until the return of overdue loans or misuse is corrected so far. Penalty rate is calculated on the basis of as follow:
1. Penalty rate for overdue loan: loan interest rate ×130%.
2. Penalty rate for misuse of loan: loan interest rate × 150%.
3. If the same loan is both overdue and misused, the penalty rate will be one of the above, whichever is higher. The rate of the loan under the contact, misappropriation of overdue loan penalty rates and penalty interest rate loans, the event of interest rate adjustments, and sub-calculation interest.
Interest Rate of Loan. 1）The interest of the Loan is calculated according to an 8 % annual interest rate (365 days per year).
Interest Rate of Loan. The interest rate of the Loan shall be determined according to the First method.
Interest Rate of Loan. The interest rate of the Loan shall be determined according to the First method.
(1) Floating Interest Rate The interest rate is 20% above the benchmark interest rate published by the People’s Bank of China; and the annual interest rate is 8.64% . The interest rate shall be adjusted on a six-month cycle. Should the benchmark interest rate is adjusted by the People’s Bank of China, the Lender shall determine the new interest rate according to the adjusted benchmark interest rate and the abovementioned calculating method as of the corresponding loan date in the first month of next cycle after the adjustment of benchmark interest rate without informing the Borrower. If the date of benchmark interest rate adjustment is the same date as the withdrawal date of the Loan or the corresponding loan date in the first month of the cycle, the interest rate shall be determined as of the date of benchmark interest rate adjustment. In case there exists no the corresponding loan date, last date of the month shall be deemed as the corresponding loan date.
