Common use of Variation of Interest Rate Clause in Contracts

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate; (ii) subject to Section 5.4(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Rate or the Default Rate is calculated. (c) The amended or new Prescribed Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (d) The Bank will give at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement; (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Rate payable on the Facility is varied and the Facility is repayable in instalments, the Bank may at the Bank’s discretion: (i) vary the amount of such instalments subject to Sections 5.4 (f) and (g); (ii) vary the number of instalments subject to Sections 5.4 (f) and (g); or (iii) vary both. (f) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the Facility. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate or Standardised Base Rate;, whichever applicable to the Property Financing/Facility; or (ii) subject to Section 5.4(c5.3(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; Spread or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Prevailing Interest Rate or the Default Interest Rate is calculated. (c) The amendment to the Spread will only be made to reflect changes in the credit risk profile or creditworthiness of the Borrower during the tenure of the Property Financing/Facility. (d) The amended or new Prescribed Prevailing Interest Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (de) The Bank will give at least seven (7) 21 calendar days days’ (or such other timeframe time frame as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior notice of change of the Prescribed Prevailing Interest Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (ef) If the Prescribed Prevailing Interest Rate payable on the Property Financing/Facility is varied and the Property Financing/Facility is repayable in instalments, the Bank may at the Bank’s discretionis entitled to: (i) vary the amount of such instalments subject to Sections 5.4 5.3 (fg) and (gh);; and/or (ii) vary the number of instalments subject to Sections 5.4 5.3 (fg) and (g); or (iiih) vary bothsubject to the terms of the Property Financing/Facility at the Bank’s determination. (fg) For any upward or downward adjustment to the Base Rate or Standardised Base Rate, the Bank shall revise the amount of the instalments of the FacilityProperty Financing/Facility accordingly. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior to the date the revised instalment comes into effect. (gh) Notwithstanding Section 5.4(f) 5.3(g), the Bank may, at its discretion, may allow a the Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in either a bullet repayment at the end of the tenure of the Property Financing/Facility or an extension of the tenure of the Property Financing/Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of OfferLetter, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate;Rate or Standardised Base Rate (whichever applicable); or (ii) subject to Section 5.4(c5.3(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; /Spread, or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Rate or the Default Rate is calculated. (c) The amendment to the Margin/Spread will only be made to reflect changes in the credit risk profile or creditworthiness of the Borrower during the tenure of the Housing Loan/Facility. (d) The amended or new Prescribed Rate or commission, discount or banking charges is payable from the date the change changes take(s) effect. Interest will be re-re- calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (de) The Bank will give at least seven twenty-one (721) calendar days days’ (or such other timeframe time frame as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (ef) If the Prescribed Rate payable on the Housing Loan/Facility is varied and the Housing Loan/Facility is repayable in instalments, the Bank may at the Bank’s discretionis entitled to: (i) vary the amount of such instalments subject to Sections 5.4 5.3 (fg) and (gh);; and/or (ii) vary the number of instalments subject to Sections 5.4 5.3 (fg) and (g); or (iiih) vary bothsubject to the terms of the Housing Loan/Facility at the Bank’s determination. (fg) For any upward or downward adjustment to the Base RateRate or Standardised Base Rate (whichever applicable), the Bank shall revise the amount of the instalments of the FacilityHousing Loan/Facility accordingly. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior to the date the revised instalment comes into effect. (gh) Notwithstanding Section 5.4(f5.3(g) the Bank may, at its discretion, may allow a the Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in either a bullet repayment at the end of the tenure of the Housing Loan/Facility or an extension of the tenure of the Housing Loan/Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Standardised Base RateRate ; (ii) subject to Section 5.4(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Rate or the Default Rate is calculated. (c) The amended or new Prescribed Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (d) The Bank will give at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement; (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Rate payable on the Facility is varied and the Facility is repayable in instalments, the Bank may at the Bank’s discretion: (i) vary the amount of such instalments subject to Sections 5.4 (f) and (g); (ii) vary the number of instalments subject to Sections 5.4 (f) and (g); or (iii) vary both. (f) For any upward or downward adjustment to the Standardised Base RateRate , the Bank shall revise the amount of the instalments of the Facility. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of OfferAgreement, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made toin respect of the following: (i) the Base Rate;; or (ii) subject to Section 5.4(c4.4(c), the Margin;Spread; or (iii) any other reference rate used in the any Letter of Of Offer; or (iv) any other rate of interest specified by the Bank; or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Prevailing Interest Rate or the Default Rate is calculatedarrived at. (c) The amended or new Prescribed Prevailing Interest Rate or commission, discount or banking charges is payable from the date the change such amended or new Prevailing Interest Rate, commission, discount or other banking charges take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of OfferAgreement. (d) The Bank will give at least seven twenty-one (721) calendar days days’ (or such other timeframe time frame as may be prescribed from time to time) prior notice of change of the Prescribed Prevailing Interest Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by be general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Prevailing Interest Rate payable on the Facility Housing Loan is varied and the Facility Housing Loan is repayable in instalments, the Bank may at the Bank’s discretionshall: (i) vary the amount of such instalments Instalments subject to Sections 5.4 (f) and (gSection 4.4(g);; or (ii) vary the number of instalments Instalments subject to Sections 5.4 (f) and (gSection 4.4(g); or (iii) vary both, subject to the terms of the Letter Of Offer or at the Bank’s determination. (f) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the FacilityHousing Loan as the default option. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f4.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Facility Housing Loan and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate or Standardised Base Rate;, whichever applicable to the Staff Loan/Facility; or (ii) subject to Section 5.4(c5.3(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; Spread or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Prevailing Interest Rate or the Default Rate is calculated. (c) The amendment to the Spread will only be made to reflect changes in the credit risk profile or creditworthiness of the Borrower during the tenure of the Staff Loan/Facility. (d) The amended or new Prescribed Prevailing Interest Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. . (de) The Bank will give at least seven (7) calendar days (7 K H % D Q N Z L O O J L Y H DuirWed to comOply wHithDanyV requirements under the applicable laws, regulations or such other timeframe as may be prescribed from time to timeguidelines) prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the Prevailing Interest 5 D W H R U W K H Q H Z F R P P L notice will not affect or invalidate any change. Notice by the Bank may be given: : -VreceVipt oLf theR (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement; L Q D F F R U G D Q F H Z L W K W K H ‡ (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Rate payable on the Facility is varied and the Facility is repayable in instalments, the Bank may at the Bank’s discretion: (i) vary the amount of such instalments subject to Sections 5.4 (f) and (g); (ii) vary the number of instalments subject to Sections 5.4 (f) and (g); or (iii) vary both. (f) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the Facility. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of OfferAgreement, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made toin respect of the following: (i) the Base Lending Rate;; or (ii) subject to Section 5.4(c), the Margin;; or (iii) any other reference rate used in the any Letter of Offer; or (iv) any other rate of interest specified by the Bank; or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Rate or the Default Rate is calculatedarrived at. (c) The amended or new Prescribed Rate or commission, discount or banking charges is payable from the date the change such amended or new Prescribed Rate, commission, discount or other banking charges take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of OfferAgreement. (d) The Bank will give at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) 21 Banking Days’ prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by be general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Rate payable on the Facility is varied and the Facility is Facilityis repayable in instalments, the Bank may at the Bank’s discretionmay: (i) vary the amount of such instalments subject to Sections 5.4 (f) and (g);Instalments; or (ii) vary the number of instalments subject to Sections 5.4 (f) and (g)Instalments; or (iii) vary both. (f) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the Facility. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate or Standardised Base Rate;, whichever applicable to the Housing Loan/Facility; or (ii) subject to Section 5.4(c5.3(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; Spread or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Prevailing Interest Rate or the Default Rate is calculated. (c) The amendment to the Spread will only be made to reflect changes in the credit risk profile or creditworthiness of the Borrower during the tenure of the Housing Loan/Facility. (d) The amended or new Prescribed Prevailing Interest Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (de) The Bank will give at least seven (7) 21 calendar days days’ (or such other timeframe time frame as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior notice of change of the Prescribed Prevailing Interest Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (ef) If the Prescribed Prevailing Interest Rate payable on the Housing Loan/Facility is varied and the Housing Loan/Facility is repayable in instalments, the Bank may at the Bank’s discretionis entitled to: (i) vary the amount of such instalments subject to Sections 5.4 5.3 (fg) and (gh);; and/or (ii) vary the number of instalments subject to Sections 5.4 5.3 (fg) and (g); or (iiih) vary bothsubject to the terms of the Housing Loan/Facility at the Bank’s determination. (fg) For any upward or downward adjustment to the Base Rate or Standardised Base Rate, the Bank shall revise the amount of the instalments of the FacilityHousing Loan/Facility accordingly. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior to the date the revised instalment comes into effect. (gh) Notwithstanding Section 5.4(f) 5.3(g), the Bank may, at its discretion, may allow a the Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in either a bullet repayment at the end of the tenure of the Housing Loan/Facility or an extension of the tenure of the Housing Loan/Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of OfferAgreement, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made toin respect of the following: (i) the Base Rate;; or (ii) subject to Section 5.4(cSec 4.4 (c), the Spread/Margin;; or (iii) any other reference rate used in the any Letter of Offer; or (iv) any other rate of interest specified by the Bank; or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Rate or the Default Rate is calculatedarrived at. (c) The amended or new Prescribed Rate or commission, discount or banking charges is payable from the date the change such amended or new Prescribed Rate, commission, discount or other banking charges take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of OfferAgreement. (d) The Bank will give at least seven (7) 21 calendar days (or such other timeframe time frame as may be prescribed from time to time) prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by be general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Rate payable on the Facility is varied and the Facility is repayable in instalments, the Bank may at the Bank’s discretionshall: (i) vary the amount of such instalments Installments subject to Sections 5.4 (f) and Section 4.4 (g);; or (ii) vary the number of instalments subject to Sections 5.4 (f) and (g)Installments; or (iii) vary both, subject to the terms of the Letter of Offer or at the Bank’s determination. (f) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the FacilityFacility as the default option. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f4.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate;; or (ii) subject to Section 5.4(c5.3(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; Spread or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Prevailing Interest Rate or the Default Rate is calculated. (c) The amendment to the Spread will only be made to reflect changes in the credit risk profile or creditworthiness of the Borrower during the tenure of the Housing Loan/Facility. (d) The amended or new Prescribed Prevailing Interest Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (de) The Bank will give at least seven (7) 21 calendar days days’ (or such other timeframe time frame as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior notice of change of the Prescribed Prevailing Interest Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement;; or (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (ef) If the Prescribed Prevailing Interest Rate payable on the Housing Loan/Facility is varied and the Housing Loan/Facility is repayable in instalments, the Bank may at the Bank’s discretionis entitled to: (i) vary the amount of such instalments subject to Sections 5.4 5.3 (fg) and (gh);; and/or (ii) vary the number of instalments subject to Sections 5.4 5.3 (fg) and (g); or (iiih) vary bothsubject to the terms of the Housing Loan/Facility at the Bank’s determination. (fg) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the FacilityHousing Loan/Facility accordingly. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time required to timecomply with any requirements under the applicable laws, regulations or guidelines) prior to the date the revised instalment comes into effect. (gh) Notwithstanding Section 5.4(f) 5.3(g), the Bank may, at its discretion, may allow a the Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in either a bullet repayment at the end of the tenure of the Housing Loan/Facility or an extension of the tenure of the Housing Loan/Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.

Variation of Interest Rate. (a) Regardless of any other provisions in this Agreement and/or the Letter of Offer, the Bank is entitled to vary at any time: (i) the interest rate and the manner of calculation of the interest rate; and (ii) any commission, discount or other banking charges. (b) Such variation may be made to: (i) the Base Rate; (ii) subject to Section 5.4(c), the Margin; (iii) any other reference rate used in the Letter of Offer; or (iv) any other rate of interest specified by the Bank; or a combination of any one or more of the methods of calculation of interest, including changing the basis on which the Prescribed Rate or the Default Rate is calculated. (c) The amended or new Prescribed Rate or commission, discount or banking charges is payable from the date the change take(s) effect. Interest will be re-calculated, if necessary in accordance with the provisions of this Agreement and/or the Letter of Offer. (d) The Bank will give at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior notice of change of the Prescribed Rate, or the new commission, discount or banking charges to the Borrower but the Borrower’s non-receipt of the notice will not affect or invalidate any change. Notice by the Bank may be given: (i) in accordance with the “Notice” provisions set out in Section 11 of this Agreement; (ii) by general advertisement in any form(s) of mass communication; or (iii) by notice in the Bank’s website and/or placed at the banking hall of the Bank’s branches. (e) If the Prescribed Rate payable on the Facility Housing Loan is varied and the Facility Housing Loan is repayable in instalments, the Bank may at the Bank’s discretion: (i) vary the amount of such instalments subject to Sections 5.4 (f) and (g); (ii) vary the number of instalments subject to Sections 5.4 (f) and (g); or (iii) vary both. (f) For any upward or downward adjustment to the Base Rate, the Bank shall revise the amount of the instalments of the Housing Loan/Facility. The Bank shall provide the Borrower with particulars of the revised instalment amount at least seven (7) calendar days (or such other timeframe as may be prescribed from time to time) prior to the date the revised instalment comes into effect. (g) Notwithstanding Section 5.4(f) the Bank may, at its discretion, allow a Borrower to retain the instalment amount upon the Borrower’s specific request. This will result in an extension of the tenure of the Housing Loan/Facility and may include new terms and additional cost of borrowing as shall be disclosed by the Bank to the Borrower.