Preferential Interest Rate definition
Preferential Interest Rate means a lending interest rate below the money market prevailing on the day of the approval of the loan by the lender.
Preferential Interest Rate means, on each Interest Calculation Date and in respect of each Participant Account, the rate of interest for that Participant Account determined in accordance with the Preferential Interest Methodology.
Preferential Interest Rate means the relevant preferential interest rate for the Aggregate Net Balance determined in accordance with the Preferential Interest Methodology.
Examples of Preferential Interest Rate in a sentence
Otherwise, your Card Account will be regarded to be in a delinquent status and the Preferential Interest Rate will be immediately withdrawn and cancelled forthwith without notice to you.
We have the right to increase or alter the Preferential Interest Rate (per annum), handling fee (if applicable) for the Cash Credit Plan and vary these Terms and Conditions from time to time subject to our giving prior notice to you.