Repayment of the Loan and Interest a. The Loan is repaid by way of Equated Monthly Instalments (EMI), which comprises of both principal and interest component, on the due date mentioned in the Disbursement Letter. The EMIs shall be calculated on the amount actually disbursed which shall be subject to the revision at the discretion of the Lender. Exact EMIs will be calculated at the time of final disbursement.
Repayment of the Loan and Interest o If the monthly installments or any other payments due, are not paid on or before the due date, substitute interest of 3% p.m. shall be charged for the period of default with compounding at monthly rests. Failure of the bank to send notice for payment or deposit of post-dated cheques shall not serve as a reason for non- payment of monthly installments o The rate of interest as indicated above is the current rates of interest applicable on the loan. The actual interest rate chargeable on the loan and the EMI/PRE EMI would be as prevailing on the date of disbursement of the loan. o Due dates for payment of pre-EMI and EMI/MI depends on the date of the first disbursement made and the Pre EMI Interest is payable every month. o All payments to be made favoring “Fasttrack Housing Finance Limited”.
Repayment of the Loan and Interest. The Loan availed would be repaid in an Equated Monthly Installments (EMI) over the agreed tenor. If the customer has opted for variable interest rate, the rate of interest would vary based on change in the base rate of Aptus. The monthly repayments are payable on agreed due date every month. Aptus would make best efforts to remind the customers regarding the monthly installments falling due. However, the customers are advised to keep note of the due date and honor the repayments.
Repayment of the Loan and Interest. Repayment: The loan is repaid by way of Equated Monthly Installments (EMI), which comprises of both principal and interest component. Repayment commences from the month following the month in which final disbursement of the loan is availed. - Pending final disbursement, simple interest is applicable on the loan disbursed. This interest on the amount disbursed is called Pre-EMI. Pre-EMI interest is payable every month from date of each disbursement upto date of commencement of EMI. - The EMI For your loan is INR Years EMI = p.m. - The EMI due date is 5th day of the next month after full disbursement - Number of Installments to be paid are Months - The changes in interest rate/ EMI/ loan tenure would be communicated via letters and/or mail(s)/sms before any such implementation and would be displayed on the website of DMIHFC.
Repayment of the Loan and Interest. The Loan availed would be repaid in equal monthly installments (EMI) over the agreed tenor. If the customer has availed fixed interest with reset, the interest charged would remain fixed subject to review once in two years and reset based on need. The monthly repayments are payable on a fixed due date every month. Aptus would make best efforts to remind the customers regarding the monthly installments falling due. However, the customers are advised to keep note of the due date and honor the repayments.
Repayment of the Loan and Interest. The Interest on Seed Capital loan shall be levied at _____________Simple Interest. (The Interest rate is calculated as per the Prime lending rate of State Bank of India_____% less ___% on the date of Sanction _________). The Interest rate remains fixed for the tenure of loan. The Interest shall be payable monthly on the balance outstanding at the end of the previous month along with the installment of principal repayment. The repayment of principal and interest shall have a moratorium period of 18 months from the first installment disbursement of the loan. The repayment shall commence from the nineteenth month. The simple interest on the loan disbursed shall be applied @ __________ %per annum from the date of disbursement of each installment and shall be aggregated with the loan amount; the amount so determined shall be the principal amount that will have to be repaid as per the repayment schedule. Any delay in the repayment of installments as given in the Schedule of repayment shall be subject to a penal interest @ ______ % per month. The Company shall repay the principle amount of the Loan strictly in accordance with the Repayment Schedule. The repayment schedule is appended in Schedule-2 to this agreement. Notwithstanding the above, if the Company decides to exit from the incubation before the specified period, the Company undertakes to repay the entire loan and interest due thereon prior to the exit from the incubation centre. If the Company raises loans from other lenders/ financial institutions, repayment of such other loans shall commence only after the repayment of the Seed Capital Loan obtained by the Company pursuant to this agreement and interest due thereon. NOTWITHSTANDING anything contrary contained herein, the incubate company shall issue liability free and fully paid-up equity shares, in favour of IIT Kanpur, on prorate basis of 4% equity against 5 lakhs of seed capital sanctioned, as guarantee of seed-capital amount. Subsequently after the company utilizes the seed-capital or its exit from the incubation center, whichever is earlier, IIT Kanpur shall compute the equity to be retained in accordance with repayment option selected together with any outstanding unpaid amount against incubation including seed capital and transfer the balance equity back to the incubate company. Once the company repays the entire seed capital amount IIT Kanpur shall transfer shares taken as guarantee, back to the company.
Repayment of the Loan and Interest. The Owner acknowledges receipt of the Commitment and agrees to repay the Loan to the Mortgagee by twelve (12) consecutive quarterly repayment instalments, the first two (2) of such instalments of Dollars one million (US$ 1,000,000) each, followed by four (4) instalments of Dollars seven hundred fifty thousand (US$ 750,000) each, followed by six (6) instalments of Dollars two hundred fifty thousand (US$ 250,000) each, plus a balloon payment (the “Balloon Payment”) of Dollars five hundred thousand (US$ 500,000) payable together with the last (12th) instalment.
Repayment of the Loan and Interest. 3.1 The Interest on Seed Capital loan shall be levied at Simple Interest. (The Interest rate is calculated as per the Prime lending rate of State Bank of India % less % on the date of Sanction ). The Interest rate remains fixed for the tenure of loan. The Interest shall be payable monthly on the balance outstanding at the end of the previous month along with the installment of principal repayment.
Repayment of the Loan and Interest. 4.1. The Borrower shall repay the Loan within a time period indicated in Schedule B, i.e., 6 (six) months, 9 (nine) months or 1 (one) year from the Initial Disbursement Date (unless specified otherwise in the Schedule B). The Loan shall be repaid by weekly instalments starting one week from the Initial Disbursement Date.
Repayment of the Loan and Interest. 4.1. The Borrower shall repay the Loan within a time period indicated in the Special Terms. The Loan shall be repaid by weekly instalments starting one week from the Initial Disbursement Date.
