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”.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Repayment of the Loan and Interest. o If the monthly installments instalments 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 instalments 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 EMI-Interest is payable every month. o All payments to be made favoring “Fasttrack favouring XXXXX Housing Finance Private Limited”.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Repayment of the Loan and Interest. o If the monthly installments instalments 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- non-payment of monthly installments instalments 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 EMI-Interest is payable every month. o All payments to be made favoring “Fasttrack favouring XXXXX Housing Finance Private Limited”.
Appears in 1 contract
Samples: Loan Agreement
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 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- 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”. Prepayment Charges –As per Rules of Company.
Appears in 1 contract
Samples: Loan Agreement
Repayment of the Loan and Interest. o If the monthly installments instalments 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- non-payment of monthly installments instalments 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 EMI-Interest is payable every month. o All payments to be made favoring “Fasttrack Housing Finance Limited”.
Appears in 1 contract
Samples: Loan Agreement
Repayment of the Loan and Interest. o If the monthly installments instalments 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- non-payment of monthly installments instalments 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 EMI-Interest is payable every month. o All payments to be made favoring “Fasttrack favouring XXXXX Housing Finance Private Limited”.
Appears in 1 contract
Samples: Loan Agreement
Repayment of the Loan and Interest. o If the monthly installments instalments 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 instalments 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 EMI-Interest is payable every month. o All payments to be made favoring “Fasttrack favouring XXXXX Housing Finance Private Limited”.
Appears in 1 contract
Samples: Loan Agreement