Common use of For Adjustable Rate of Interest Clause in Contracts

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthlymonthly , with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application.

For Adjustable Rate of Interest. (I) The EMI comprises of principal and interest calculated on the basis of monthly rests at the AIR and is rounded off to the next rupee and any other charges shall be computed on the basis of a year of three hundred and sixty-five days. PROVIDED all future /further AIRs applicable for the amount of Loan loan lent by IHFL to the Borrower shall be applied by IHFL on the basis of Interest Rate Rest Revision Cycle (IRRRC) which is monthly, with the first such application to be done on the first day of the month following the month in which the period of IRRRC computed from the date of first disbursement of the Loan loan is completed. The subsequent application shall be made after every period of IRRRC commencing from such first application.