Common use of METHOD OF CHARGING INTEREST Clause in Contracts

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the Unpaid Balance of Your Loan at the end of each day by the daily interest rate. The daily interest charges are then summed for each day in the Relevant Repayment period and charged at the end of that Repayment Period. The interest as calculated above is then charged at the end of the relevant Repayment Period.

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the Unpaid Balance unpaid balance of Your each Loan Portion at the end of each day by the daily interest rate, which is the relevant Annual Interest Rate divided by 365. The daily interest charges are then summed for Interest is charged on each day in the Relevant Repayment period and charged at the end of that Repayment Period. The interest Payment Date (as calculated above is then charged at the end part of the relevant Repayment PeriodPayment Amount).

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the Unpaid Balance of Your Loan (excluding unpaid or capitalised interest) at the end of each day by the daily interest rate. The daily interest charges are then summed for each day in the Relevant Repayment period and charged at the end of that Repayment Period. The interest as calculated above is then charged at the end of the relevant Repayment Period.by:

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the Unpaid Balance of Your Loan unpaid balance at the end of each the day by the a daily interest rate. The daily interest charges are then summed for rate is calculated by dividing the annual interest rate by 365. Interest forms part of each day payment detailed in the Relevant Repayment period ‘Payment Schedule’ section above. Interest is charged to your account monthly and charged at any time you pay the end of that Repayment Periodunpaid balance in full before the final payment is due. The interest as calculated above is then charged at the end of the relevant Repayment Period.CREDIT FEES AND CHARGES