Common use of Loan Rate Clause in Contracts

Loan Rate. 1. The loan interest rate and adjustment method in this contract are detailed in Article 16, Clause 3. 2. If the collateral's guarantee capability decreases or loses its guarantee effect, or if the borrower or guarantor (if any) experiences any of the situations listed in Article 8, Clauses 3 to 16 of the contract, the borrower may repay the loan early. If the borrower is unable to repay the loan early, the lender has the right to charge interest based on a rate that is 5%-20% higher than the original applicable rate. The specific adjustment date and adjustment range will be separately notified to the borrower and guarantor.

Loan Rate. 1. The loan interest rate and adjustment method in this contract are detailed in Clause 2, Article 16, Clause 315. 2. If the collateral's guarantee capability decreases or loses its guarantee effect, or if the borrower or guarantor (if any) experiences any of the situations listed in Article 87, Clauses 3 4 to 16 15 of the contract, the borrower may repay the loan early. If the borrower is unable to repay the loan early, the lender has the right to charge interest based on a rate that is 5%-20% higher than the original applicable rate. The specific adjustment date and adjustment range will be separately notified to the borrower and guarantor.