Examples of Loan Details in a sentence
The interest rate payable by you is a variable rate per annum equal to Our Mortgage Prime Rate plus or minus a certain number of percentage points per annum as specified in the Loan Details Area showing same.
The interest rate payable by you is a fixed rate per annum specified in the Loan Details Area showing same and it is compounded periodically as specified in the Loan Details Area showing same.
You will make regular payments of principal and interest to us in amounts equal to the Regular Payment Amount on each of the Regular Payment Dates periodically as specified in the Loan Details Areas showing same, starting with First Payment Date and continuing to and including the Last Payment Date.
You will pay the Loan Amount to us at the address set out in the Loan Details Area showing same or in such other address as may be stated in the Loan Agreement or as may be otherwise advised to you by us.
If interest is compounded more or less frequently than semi-annually, as may be specified in the Loan Details Area showing same, compounding of interest will be made at the frequency indicated in the Loan Details Area showing same with the first calculation to be made on the appropriate date, based on such frequency, following the Interest Adjustment Date, and thereafter at the same frequency.
You will find the initial disclosure statement in the Loan Details.
If the periodic compounding of interest specified in the Loan Details Area showing same is semi-annual, the first semi-annual compounding of interest will take place on the date which is six months after the Interest Adjustment Date, and thereafter, semi-annual compounding of interest will be made at six- month intervals.
The provisions set forth above in paragraph 2(a)(ii)(A) of Part III above for Uncapped Variable Rate Loans apply to a Capped Variable Rate Loan, except that during the Term, the interest rate will never exceed the Cap Rate specified in the Loan Details Area showing same.
This section applies to your Consumer Credit Contracts if the Loan Details record your loan is secured s by a mortgage over land or a security interest over personal property or both.
Paycheck Protection Program Loan Details If you have any questions about this application or problems providing the required information, please call us at 888.875.2265 or email sbaloans@myrepublicbank.com.