Common use of Loan Interest Rate and its Calculation Clause in Contracts

Loan Interest Rate and its Calculation. 1. Loan Interest Rate: The loan interest rate in this contract is the 2nd of the following: (1) Fixed interest rate with annual interest rate of ///%. The contract interest rate remains unchanged during the whole life of the loan. (2) Floating rate, with the actual drawing date (or the first actual drawing date in case of separate drawings) as the starting date. The rate is adjusted (or repriced) once every 12 months, which is considered a full cycle and the repricing date is the first day of the next floating cycle. If there is no such date in the current month, the starting date shall be the last day of the current month. For each withdrawal: Floating rate of RMB loan (based on National Interbank Funding Center’s LPR) A. The interest rate of the first period (from the actual drawing date to the expiration date of the floating period) is the average interest rate of the quoted LPR published by NIFC on the working day before the actual withdrawal date plus 91 basis points; B. On the repricing date, the interest rate will be recalculated as the average interest rate of LPR published by NIFC on the previous working day plus 91 basis points, and start to serve as the interest rate of the new floating period.

Loan Interest Rate and its Calculation. 1. Loan Interest Rate: The loan interest rate in this contract is the 2nd of the following: (1) Fixed interest rate with annual interest rate of ///%. The contract interest rate remains unchanged during the whole life of the loan. (2) Floating rate, with the actual drawing date (or the first actual drawing date in case of separate drawings) as the starting date. The rate is adjusted (or repriced) once every 12 months, which is considered a full cycle and the repricing date is the first day of the next floating cycle. If there is no such date in the current month, the starting date shall be the last day of the current month. For each withdrawal: Floating rate of RMB loan (based on National Interbank Funding Center’s LPR) A. The interest rate of the first period (from the actual drawing date to the expiration date of the floating period) is the average interest rate of the quoted LPR published by NIFC on the working day before the actual withdrawal date plus 91 basis points; B. On the repricing date, the interest rate will be recalculated as the average interest rate of LPR published by NIFC on the previous working day plus 91 basis points, and start to serve as the interest rate of the new floating period. 2. Interest Calculation Interests shall be calculated from the actual drawing date, concerning the actual amount withdrawn and the number of days the money is used . The calculation formula is as below: Interest = principal × actual days × daily interest rate. Daily Interest Rate = annual interest rate / 360.

Loan Interest Rate and its Calculation. 1. Loan Interest Rate: The loan interest rate in this contract is the 2nd of the following: (1) Fixed interest rate with annual interest rate of ///%. The contract interest rate remains unchanged during the whole life of the loan. (2) Floating rate, with the actual drawing date (or the first actual drawing date in case of separate drawings) as the starting date. The rate is adjusted (or repriced) once every 12 months, which is considered a full cycle and the repricing date is the first day of the next floating cycle. If there is no such date in the current month, the starting date shall be the last day of the current month. For each withdrawal: Floating rate of RMB loan (based on National Interbank Funding Center’s LPR) A. The interest rate of the first period (from the actual drawing date to the expiration date of the floating period) is the average interest rate of the quoted LPR published by NIFC on the working day before the actual withdrawal date plus 91 basis points; B. On the repricing date, the interest rate will be recalculated as the average interest rate of LPR published by NIFC on the previous working day plus 91 basis points, and start to serve as the interest rate of the new floating period. 2. Interest Calculation Interests shall be calculated from the actual drawing date, concerning the actual amount withdrawn and the number of days the money is used. The calculation formula is as below: Interest = principal × actual days × daily interest rate. Daily Interest Rate = annual interest rate / 360.

Loan Interest Rate and its Calculation. 1. Loan Interest Rate: The loan interest rate in this contract is the 2nd of the following: (1) Fixed interest rate with annual interest rate of ///%. The contract interest rate remains unchanged during the whole life of the loan. (2) Floating rate, with the actual drawing date (or the first actual drawing date in case of separate drawings) as the starting date. The rate is adjusted (or repriced) once every 12 months, which is considered a full cycle and the repricing date is the first day of the next floating cycle. If there is no such date in the current month, the starting date shall be the last day of the current month. For each withdrawal: Floating rate of RMB loan (based on National Interbank Funding Center’s LPR) A. The interest rate of the first period (from the actual drawing date to the expiration date of the floating period) is the average interest rate of the quoted LPR published by NIFC on the working day before the actual withdrawal date plus 91 basis points; B. On the repricing date, the interest rate will be recalculated as the average interest rate of LPR published by NIFC on the previous working day plus 91 basis points, and start to serve as the interest rate of the new floating period. 2. Interest Calculation Interests shall be calculated from the actual withdrawal date, concerning the actual amount withdrawn and the number of days the money is used. The calculation formula is as below: Interest = principal × actual days × daily interest rate. Daily Interest Rate = annual interest rate / 360.

Loan Interest Rate and its Calculation. 1. Loan Interest Rate: The loan interest rate in this contract is the 2nd of the following: (1) Fixed interest rate with annual interest rate of ///%. The contract interest rate remains unchanged during the whole life of the loan. (2) Floating rate, with the actual drawing date (or the first actual drawing date in case of separate drawings) as the starting date. The rate is adjusted (or repriced) once every 12 months, which is considered a full cycle and the repricing date is the first day of the next floating cycle. If there is no such date in the current month, the starting date shall be the last day of the current month. For each withdrawal: Floating rate of RMB loan (based on National Interbank Funding Center’s LPR) A. The interest rate of the first period (from the actual drawing date to the expiration date of the floating period) is the average interest rate of the quoted LPR published by NIFC on the working day before the actual withdrawal date plus 91 basis points; B. On the repricing date, the interest rate will be recalculated as the average interest rate of LPR published by NIFC on the previous working day plus 91 basis points, and start to serve as the interest rate of the new floating period. 2. Interest Calculation Interests shall be calculated from the actual withdrawal date, concerning the actual amount withdrawn and the number of days the money is used . The calculation formula is as below: Interest = principal × actual days × daily interest rate. Daily Interest Rate = annual interest rate / 360.