Common use of Repayment of the Loan and Interest Clause in Contracts

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. The Loan availed would be repaid in an Equated Monthly Installments (EMI) over the agreed tenor. If the customer has opted for variable fixed interest ratewith reset, the rate of interest charged would vary remain fixed subject to review once in two years and reset based on change in the base rate of Aptusneed. 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.