Capital and Interest definition

Capital and Interest. Repayment is specified in the Key Terms, unless you choose, or are required under this Loan Agreement, to repay the Loan earlier, you will pay the instalments specified in the Key Terms (or, if less, the amount of the Loan then outstanding) on each Payment Date, starting on the Repayment Commencement Date set out in the Key Terms. Each instalment shall include interest accrued but unpaid in respect of the Loan and shall be applied first in paying that interest and second towards repayment of the Loan. On the date of the last such instalment, you will pay all other amounts payable under this Loan Agreement (to the extent not already paid) including, without limitation, any Exit Fee specified in the Key Terms. The Lender reserves the right to vary the amount of the instalments payable as it determines in its absolute discretion if it considers it necessary to ensure that the Loan and all interest and other amounts payable under this Loan Agreement are discharged in full at the end of the Term. The Lender will promptly notify you if it varies the instalments payable under this paragraph 4.2. During the period prior to the Repayment Commencement Date, you will pay interest accruing on the Loan in accordance with the applicable provisions of paragraph 5 and, if applicable, paragraph 24.

Examples of Capital and Interest in a sentence

• Bank Account Details for Capital and Interest Payments BIC: You must complete this section in order to receive capital and any interest payments.

• Repayment Mortgage:If you have a Repayment Mortgage withthe Society the payments made comprise Capital and Interest.

• Capital and Interest: Repayment£Interest Only£If interest only, please indicate how you intend to repay the outstanding capital balance.

• The new definition for MSMEs as introduced by the Government of India will encourage MSMEs to expand their operations and increase investment, turnover and exports.The following initiatives are being taken by the state government to reposition Gujarat’s MSMEs on a global level & enhance competitiveness:Capital and Interest Subsidy: Incentives to MSMEs will be provided in terms of Capital and Interest Subsidy on term loans based on the category of talukas.

• To qualify the applicant must be able to provide:• An ‘Authority to Proceed and Eligibility certificate’• A deposit of 5% of the discounted purchase price In addition to the Society’s standard residential lending criteria, the following additional criteria applies to First Homes:• We will only accept Capital and Interest repayment mortgage; we do not accept Interest Only or a combination.• Available on houses only.

• All expenditures for a twelve month period as contained in the Company’s Energy Efficiency budgets as defined and approved by the Department, including, but not limited to, Energy Efficiency Program Costs, Reconciliation Adjustments, Energy Efficiency Lost Margins, Energy Efficiency Performance Incentives, Working Capital and Interest.

• Purpose/ Use of the Ratio and NormThe approved policy by Council determines that the percentage of total annual loan repayment (Capital and Interest) to total operating expenditure must not be more than 10%.

• Through the lenders we hold agency with we can arrange mortgage products from the following range: Fixed Rate Mortgages, Variable Rate Mortgages, Capital and Interest Mortgages, Interest Only Mortgages, Pension Mortgages & Residential Investment Property Mortgages.

• The estimated loan is $1.8 million.Option 2 - A Capital and Interest Loan to be paid off over a 5 year period.

• The repayment costs in 2021/22 are projected to be £16.1 million and these repayments include both Capital and Interest and are referred to as Loan Charges.