Interest calculation method a. Interest is calculated in 365 days per year. Interest amount payable by the Bank per interest period is calculated under the formula as follows (=)∑ (Actual balance multiplying by (x) The number of days of actual balance maintenance multiplying by (x) Interest rate for interest calculation) divided by (/) 365, where:
Interest calculation method interest amount is calculated on the basis of actual outstanding principal amount and loan term. Interest rate is determined on the basis of one year with 365 (three hundred and sixty five) days.