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 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.

Appears in 1 contract

Samples: Loan Agreement

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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 resetinterest, the interest charged would remain fixed subject to review once in two years and reset fixed. If the customer has opted for variable interest rate, the rate of interest would vary based on needchange in the base rate of Aptus. 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.

Appears in 1 contract

Samples: Loan Agreement

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. 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 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.

Appears in 1 contract

Samples: Loan Agreement

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Repayment of the Loan and Interest. The Loan availed would be repaid in equal monthly installments an Equated Monthly Installments (EMI) over the agreed tenor. If the customer has availed opted for 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 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.

Appears in 1 contract

Samples: Loan Agreement

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