Common use of Interest Rate, Penalty Interest and Compound Interest Clause in Contracts

Interest Rate, Penalty Interest and Compound Interest. 3.1 Monthly interest rate under the Contract = annual interest rate/12 and daily interest rate = annual interest rate/360. 3.2 The interest of each loan shall be accrued from the date of withdrawal. The Borrower shall pay to the Lender on each interest settlement date (or repayment date) the interest accrued from the date of withdrawal (including the date of withdrawal) or the date of previous interest settlement (including such date) to the date of interest settlement (excluding such date), as well as the principal (if any) due on the date of interest settlement. 3.3 For the payable but unpaid loan principal due to the Borrower (including the loan announced early maturity), the Lender shall charge the overdue penalty interest at the overdue penalty interest rate agreed in the Contract for the actual overdue days from the overdue date till the Borrower pays off the principal and interest. For the interest (including overdue penalty interest) that cannot be paid by the Borrower on time, compound interest shall be calculated and collected according to the overdue penalty interest rate on the corresponding day of interest settlement date or repayment date as agreed in the Contract, for the actual overdue days. 3.4 If the Borrower fails to use the loan for the agreed purpose, the Lender shall, from the date of default, calculate and collect the overdue penalty interest on the loan amount in default use at the overdue penalty interest rate agreed in the Contract for the actual overdue days till the Borrower pays off the principal and interest; for the interest (including overdue penalty interest) that cannot be paid by the Borrower on time, compound interest shall be calculated and collected at the overdue penalty interest rate on the corresponding day of interest settlement date or repayment date as agreed in the Contract for the actual overdue days. 3.5 When the loan interest rate under the Contract is adjusted, the overdue penalty interest rate and default penalty interest rate under the Contract shall be automatically adjusted based on the adjusted contract loan interest rate according to the proportion agreed in the Contract, and shall be applicable and calculated by sections at the same time with the contract loan interest rate. 3.6 When the loan interest rate of the Contract, overdue penalty interest rate and default penalty interest rate are adjusted according to the Contract, both parties do not need to sign a separate agreement. Neither party is required to obtain the consent of the other party or notify the Guarantor or obtain its consent.

Interest Rate, Penalty Interest and Compound Interest. 3.1 Monthly The contract interest rate under for the Contract next month = annual interest rate/12 rate / 12, and the daily interest rate = annual interest rate/360rate / 360. 3.2 The interest of each loan shall be accrued from begins on the date of withdrawal. The withdrawal date, and the Borrower shall pay to the Lender on each interest settlement date (or excluding the repayment date) the interest accrued from generated between the withdrawal date) or the previous settlement date of withdrawal (including the date of withdrawal) or the date of previous interest settlement (including such date) to the date of interest settlement (excluding such date), as well as . Principal due on the principal coupon date (if any) due on the date of interest settlement). 3.3 For the payable but unpaid loan overdue principal of the borrower due to the Borrower (including the loan announced early overdue maturity), the Lender shall charge the overdue penalty interest shall be charged at the overdue penalty interest rate agreed in until the Contract for the actual overdue days from the overdue date till the Borrower borrower pays off the principal and interest. For interest of the interest (including overdue penalty interest) that cannot be paid by the Borrower on time, compound interest borrower shall be calculated and collected at the date. Recoup, calculated according to the overdue penalty interest rate on the corresponding day of interest settlement date or repayment date as agreed in the Contract, for the actual overdue days. 3.4 If the Borrower borrower fails to use the loan for according to the agreed purpose, the Lender shall, lender shall use the amount of the loan as from the date of default, calculate and collect the overdue penalty interest on the loan amount in default use at the overdue . The penalty interest rate for default agreed in the Contract for contract shall be calculated on the actual overdue days till of default until the Borrower borrower pays off the principal and interest; for interest of the borrower. The penalty interest (including overdue penalty interest) that cannot be paid by at the Borrower on time, compound interest time of default shall be calculated and collected at the overdue penalty interest same rate as on the corresponding day of interest settlement date or repayment date as agreed in the Contract for this contract according to the actual overdue daysday, number of calculation. 3.5 When the contract loan interest rate under the Contract is adjusted, the overdue penalty interest rate and default penalty interest rate under the Contract this contract shall be automatically adjusted based on according to the proportion agreed herein after the adjusted contract loan interest rate according to the proportion agreed in the Contractrate, and shall be applicable and calculated by sections applied at the same time with the contract loan interest rate, sectional calculation. 3.6 When If the contract loan interest rate of the Contractrate, overdue penalty interest rate and default penalty interest rate are adjusted according to the Contractcontract, both parties do not need to sign a separate agreementthe contract separately. Neither party is required to obtain the consent of the other party or party, nor to notify the Guarantor guarantor or obtain its his consent.

Interest Rate, Penalty Interest and Compound Interest. 3.1 Monthly The contract interest rate under for the Contract next month = annual interest rate/12 rate / 12, and the daily interest rate = annual interest rate/360rate / 360. 3.2 The interest of each loan shall be accrued from begins on the date of withdrawal. The withdrawal date, and the Borrower shall pay to the Lender on each interest settlement date (or excluding the repayment date) the interest accrued from generated between the withdrawal date) or the previous settlement date of withdrawal (including the date of withdrawal) or the date of previous interest settlement (including such date) to the date of interest settlement (excluding such date), as well as . Principal due on the principal coupon date (if any) due on the date of interest settlement). 3.3 For the payable but unpaid loan overdue principal of the borrower due to the Borrower (including the loan announced early overdue maturity), the Lender shall charge the overdue penalty interest shall be charged at the overdue penalty interest rate agreed in the Contract for the actual overdue days from the overdue due date till until the Borrower borrower pays off the principal and principal. The interest. For the interest (, including overdue penalty interest) that cannot be paid by the Borrower on time, compound interest shall be calculated and collected according to the overdue penalty interest rate based on the corresponding day actual number of interest settlement date or repayment date as agreed in the Contract, for the actual overdue days. 3.4 If the Borrower borrower fails to use the loan for according to the agreed purpose, the Lender shall, lender shall use the amount of the loan as from the date of default, calculate and collect the overdue penalty interest on the loan amount in default use at the overdue . The penalty interest rate for default agreed in the Contract for contract shall be calculated on the actual overdue days till of default until the Borrower borrower pays off the principal and interest; for interest of the borrower. The penalty interest (including overdue penalty interest) that cannot be paid by at the Borrower on time, compound interest time of default shall be calculated and collected at the overdue penalty interest same rate as on the corresponding day of interest settlement date or repayment date as agreed in the Contract for this contract according to the actual number of overdue days. 3.5 When the contract loan interest rate under the Contract is adjusted, the overdue penalty interest rate and default penalty interest rate under the Contract this contract shall be automatically adjusted based on according to the proportion agreed herein after the adjusted contract loan interest rate according to rate. The adjusted rates shall take effect simultaneously with the proportion agreed in the Contractadjusted loan interest, and shall be applicable and calculated by sections at the same time with in stages. 3.6 If the contract loan interest rate. 3.6 When the loan interest rate of the Contract, overdue penalty interest rate and default penalty interest rate are adjusted according to the Contractcontract, both parties do not need to sign a separate agreementthe contract separately. Neither party is required to obtain the consent of the other party or party, nor to notify the Guarantor guarantor or obtain its his consent.