Frequency of Rest Monthly Sample Clauses

Frequency of Rest Monthly. In case the Loan is an Adjustable Rate Home Loan (floating) (“ARHL”) Amount of Loan Rs. ............................... (Rupees only) Interest Interest Rate/ Rate of Interest shall be % p.a., subject to reset by the Bank of Reference Rate as per IRRRC PEMII shall be % p.a Interest Rate= Reference Rate i.e., External Benchmark Lending Rate ("EBLR") of HDFC Bank Limited i.e. Repo Rate of ....……............ plus (%) Spread p. a. = % per annum*, subject to reset by the Bank of Reference Rate as per IRRRC Interest shall be calculated at rest (monthly) Amortisation a) Term of repayment months.* b) EMI Rs. * c) Number of EMIs * d) Date of commencement of EMI 1st day of e) Due Date of payment of first EMI 5th day of HDFC Bank Limited may vary its Reference Rate from time to time in such manner including as to the Loan amount, as HDFC Bank Limited may deem fit in its sole discretion. The borrower shall endeavor to pay subsequent EMIs at the end of each respective month but in any case shall pay on or before the 5th day of the following month.