Common use of Repayment Clause in Contracts

Repayment. 7.1. The amount to be repaid to Ferratum is indicated in your Statement. Failure to receivethe Statement does not relieve you of the obligation to repay the amounts due. If theStatement is not received within fifteen (15) calendar days from the date on which it is due tobe issued, you shall notify Ferratum. 7.2. You shall settle at least the Minimum Payment Amount by Due Date. You may repay a higher amount at any time at no extra cost by using the same procedure for repayment as indicated in this clause. Any amounts payable to Ferratum must be repaid in Czech Crown (Kč). Otherwise, you shall cover all costs related to the exchange of such currency to Czech Crown. 7.3. You shall repay through the Account, if such possibility is offered by Ferratum, or by bank transfer to an account indicated by Ferratum in the Account indicating the variable symbol in the payment details. If this is not done and Ferratum is unable to identify the payment, then the payment is considered not to have been received and you shall be liable to pay the default interest. 7.4. Any amount shall be considered to have been repaid when it is received in the bank account of Ferratum. Fees imposed by your financial/credit institution for the transfer shall beat your cost. Ferratum reserves the right to refuse any payment made to it which is not receivedfrom a bank account held in your name. 7.5. You shall have the right to repay more than the Minimum Payment Amount at any time. If you decide to repay the Total Amount Due before Due Date, you shall notify Ferratum five business days in advance either by post or email to the relevant address stipulated in these Standard Terms. In case of early repayment, the interest due shall be calculated as a proportion of the time during which the Credit was actually used (i.e. which accrued until the date of repayment). In case You are unsure about the latter amount, the relevant information is available by calling or e-mailing Ferratum. For the avoidance of doubt, the drawdown Fee, if any, shall be the same and shall not be effected by early repayment. 7.6. In case of insufficient payments, the order of allotment shall be the following: (1) any costs of recovery of any amounts due; (2) any default interest; (3) the nominal interest, (4) the Credit, and, (5) any other amounts owed by you. In the case that you are in delay in paying at least your Minimum Payment Amount, the order of allotment shall change to the following (1) costs already determined, (2) principal of the receivable (debt), (3) interest, and (4) interest in arrears. 7.7. You may request Ferratum to lower the Minimum Payment Amount to zero (0) not more than two (2) non-consecutive times in any twelve (12) month period if you have paid the Minimum Payment Amount by Due Date at least four (4) consecutive times before submitting your application. Interest shall continue to accrue during such period. The application shall be made as prescribed by Ferratum and shall be subject to such terms and conditions made knownto you in advance. Ferratum may reject your application at any time and for any reason. The application must reach Ferratum at least fifteen (15) days before the respective Due Date.

Repayment. 7.1. The amount to be repaid to Ferratum is indicated in your Statement. Failure to receivethe Statement does not relieve you of the obligation to repay the amounts due. If theStatement is not received within fifteen (15) calendar days from the date on which it is due tobe issued, you shall notify Ferratum. 7.2. You shall settle at least the Minimum Payment Amount by Due Date. You may repay a higher amount at any time at no extra cost by using the same procedure for repayment as indicated in this clause. Any amounts payable to Ferratum must be repaid in Czech Crown (Kč). Otherwise, you shall cover all costs related to the exchange of such currency to Czech Crown. 7.3. You shall repay through the Account, if such possibility is offered by Ferratum, or by bank transfer to an account indicated by Ferratum in the Account indicating the variable symbol in the payment details. If this is not done and Ferratum is unable to identify the payment, then the payment is considered not to have been received and you shall be liable to pay the default interest. 7.4. Any amount shall be considered to have been repaid when it is received in the bank account of Ferratum. Fees imposed by your financial/credit institution for the transfer shall beat your cost. Ferratum reserves the right to refuse any payment made to it which is not receivedfrom a bank account held in your name. 7.5. You shall have the right to repay more than the Minimum Payment Amount at any time. If you decide to repay the Total Amount Due before Due Date, you shall notify Ferratum five business days in advance either by post or email to the relevant address stipulated in these Standard Terms. In case of early repayment, the interest due shall be calculated as a proportion of the time during which the Credit was actually used (i.e. which accrued until the date of repayment). In case You are unsure about the latter amount, the relevant information is available by calling or e-mailing Ferratum. For the avoidance of doubt, the drawdown Fee, if any, shall be the same and shall not be effected by early repayment. 7.6. In case of insufficient payments, the order of allotment shall be the following: (1) any costs of recovery of any amounts due; (2) any default interest; (3) the nominal interest, (4) the Credit, and, (5) any other amounts owed by you. In the case that you are in delay in paying at least your Minimum Payment Amount, the order of allotment shall change to the following (1) costs already determined, (2) principal of the receivable (debt), (3) interest, and (4) interest in arrears. 7.7. You may request Ferratum to lower the Minimum Payment Amount to zero (0) not more than two (2) non-consecutive times in any twelve (12) month period if you have paid the Minimum Payment Amount by Due Date at least four (4) consecutive times before submitting your application. Interest shall continue to accrue during such period. The application shall be made as prescribed by Ferratum Xxxxxxxx and shall be subject to such terms and conditions made knownto you in advance. Ferratum may reject your application at any time and for any reason. The application must reach Ferratum at least fifteen (15) days before the respective Due Date.

Repayment. 7.1. The amount to be repaid to Ferratum is indicated in your Statement. Failure to receivethe Statement does not relieve you of the obligation to repay the amounts due. If theStatement is not received within fifteen (15) calendar days from the date on which it is due tobe issued, you shall notify Ferratum. 7.2. You shall settle at least the Minimum Payment Amount by Due Date. You may repay a higher amount at any time at no extra cost by using the same procedure for repayment as indicated in this clause. Any amounts payable to Ferratum must be repaid in Czech Crown (Kč). Otherwise, you shall cover all costs related to the exchange of such currency to Czech Crown. 7.3. You shall repay through the Account, if such possibility is offered by Ferratum, or by bank transfer to an account indicated by Ferratum in the Account indicating the variable symbol in the payment details. If this is not done and Ferratum is unable to identify the payment, then the payment is considered not to have been received and you shall be liable to pay the default interest. 7.4. Any amount shall be considered to have been repaid when it is received in the bank account of Ferratum. Fees imposed by your financial/credit institution for the transfer shall beat your cost. Ferratum reserves the right to refuse any payment made to it which is not receivedfrom a bank account held in your name. 7.5. You shall have the right to repay more than the Minimum Payment Amount at any time. If you decide to repay the Total Amount Due before Due Date, you shall notify Ferratum five business days in advance either by post or email to the relevant address stipulated in these Standard Terms. In case of early repayment, the interest due shall be calculated as a proportion of the time during which the Credit was actually used (i.e. which accrued until the date of repayment). In case You are unsure about the latter amount, the relevant information is available by calling or e-mailing Ferratum. For the avoidance of doubt, the drawdown Fee, if any, shall be the same and shall not be effected by early repayment. 7.6. In case of insufficient payments, the order of allotment shall be the following: (1) any costs of recovery of any amounts due; (2) any default interest; (3) the nominal interest, (4) the Credit, and, (5) any other amounts owed by you. In the case that you are in delay in paying at least your Minimum Payment Amount, the order of allotment shall change to the following (1) costs already determined, (2) principal of the receivable (debt), (3) interest, and (4) interest in arrears. 7.7. You may request Ferratum to lower the Minimum Payment Amount to zero (0) not more than two (2) non-consecutive times in any twelve (12) month period if you have paid the Minimum Payment Amount by Due Date at least four (4) consecutive times before submitting your application. Interest shall continue to accrue during such period. The application shall be made bemade as prescribed by Ferratum Xxxxxxxx and shall be subject to such terms and conditions made knownto you in advance. Ferratum may reject your application at any time and for any reason. The application must reach Ferratum at least fifteen (15) days before the respective Due Date.

Repayment. 7.1. The amount to be repaid to Ferratum is indicated in your Statement. Failure to receivethe receive the Statement does not relieve you of the obligation to repay the amounts due. If theStatement the Statement is not received within fifteen (15) calendar days from the date on which it is due tobe to be issued, you shall notify Ferratum. 7.2. You shall settle at least the Minimum Payment Amount by Due Date. You may repay a higher amount at any time at no extra cost by using the same procedure for repayment as indicated in this clause. Any amounts payable to Ferratum must be repaid in Czech Crown (Kč). Otherwise, you shall cover all costs related to the exchange of such currency to Czech Crown. 7.3. You shall repay through the Account, if such possibility is offered by Ferratum, or by bank transfer to an account indicated by Ferratum in the Account indicating the variable symbol in the payment details. If this is not done and Ferratum is unable to identify the payment, then the payment is considered not to have been received and you shall be liable to pay the default interest. 7.4. Any amount shall be considered to have been repaid when it is received in the bank account of Ferratum. Fees imposed by your financial/credit institution for the transfer shall beat be at your cost. Ferratum reserves the right to refuse any payment made to it which is not receivedfrom received from a bank account held in your name. 7.5. You shall have the right to repay more than the Minimum Payment Amount at any time. If you decide to repay the Total Amount Due before Due Date, you shall notify Ferratum five business days in advance either by post or email to the relevant address stipulated in these Standard Terms. In case of early repayment, the interest due shall be calculated as a proportion of the time during which the Credit was actually used (i.e. which accrued until the date of repayment). In case You are unsure about the latter amount, the relevant information is available by calling or e-mailing Ferratum. For the avoidance of doubt, the drawdown Fee, if any, shall be the same and shall not be effected by early repayment. 7.6. In case of insufficient payments, the order of allotment shall be the following: (1) any costs of recovery of any amounts due; (2) any default interest; (3) the nominal interest, (4) the Credit, and, (5) any other amounts owed by you. In the case that you are in delay in paying at least your Minimum Payment Amount, the order of allotment shall change to the following (1) costs already determined, (2) principal of the receivable (debt), (3) interest, and (4) interest in arrears. 7.7. You may request Ferratum to lower the Minimum Payment Amount to zero (0) not more than two (2) non-consecutive times in any twelve (12) month period if you have paid the Minimum Payment Amount by Due Date at least four (4) consecutive times before submitting your application. Interest shall continue to accrue during such period. The application shall be made as prescribed by Ferratum and shall be subject to such terms and conditions made knownto known to you in advance. Ferratum may reject your application at any time and for any reason. The application must reach Ferratum at least fifteen (15) days before the respective Due Date.