Common Contracts
1 similar Simple Interest Loan Agreement contracts
Simple Interest Loan - Your PaymentsSimple Interest Loan Agreement • October 14th, 2020 • California
This is a simple interest loan. Finance charge will accrue on the unpaid Principal balance on a daily basis. We may, at our option, apply all payments, including but not limited to regular payments or prepayments, received by us first to fees and other charges permitted under this agreement (including without limitation any late charges, repossession costs, storage fees and/or agreed upon extension fees, if any), then to accrued interest and the balance, if any, to principal except as otherwise required by law. If you pay late, more finance charge will accrue. If you pay early, less finance charge will accrue. If you make more than one payment before it is due, you will still owe the payments due as scheduled (advance payments are applied to the Principal balance). The Finance Charge, Total of Payments and Payment Schedule disclosed in the Federal Truth in Lending Disclosures may differ from the actual amount you pay if your payments are not received by us on their exact due dates, or
