Loan Interest. Zero interest rate
Loan Interest. Through consultations, Party A agrees shall not charge the interest of the loan above mentioned during the loan term under this contract; if Party B fails to repay back the loan as scheduled, the overdue part of the loan shall be charged a penalty in a monthly rate of 1%.
Loan Interest. 5.1 Except as provided in Section 5.2 hereunder, the Loan hereunder shall be interest-free.
Loan Interest. We will charge interest on any loan balance from the date of the loan at the rate shown in Section 1, Contract Data. We may establish a lower rate for any period for which the loan balance is outstanding. Interest is payable at the end of each Contract Year and on the date the loan balance is repaid. If interest is not received by the Contract Anniversary we will transfer the accrued loan interest from the Fixed and Variable Accounts to the loan account on a pro-rata basis.
Loan Interest. Interest accrues and is payable on a daily basis from the date of the loan on loans requested by the Owner and from the premium due date on loans to pay premiums. Unpaid interest is added to the loan. The Specified Rate loan interest option or the Variable Rate loan interest option is elected on the application. The Owner may change this election at any time, but the change will not take effect until the January 1st following receipt of a written request at the Company's Home Office.
Loan Interest. The interest on the principal amount of the Loan outstanding shall accrue daily at the rate of [insert amount in words] per cent, [ ]% per annum above the base rate of [insert bank name] Bank plc as varied from time to time. Sample document – the remaining are clause headings only Full document contains all clauses
Loan Interest. Interest accrues and is payable on a daily basis from the date of the loan. Unpaid interest is added to policy debt. Interest is payable at an annual effective rate of 5%.
Loan Interest. 4.1 The monthly interest of the loan under this contact is defined as 4.64625‰ (for midterm current capital, interests will be defined once for each year). Accrued interest cut-off day is 20th each month.
Loan Interest. This loan is interest-free and will not change with the national interest rate.
Loan Interest. The Specified Rate loan interest option or the Variable Rate loan interest option is elected on the application. The Owner may change this election at any time, but the change will not take effect until the January 1st following receipt of a written request at the Company's Home Office. Interest accrues and is payable on a daily basis from the date of the loan. Unpaid interest is added to the loan.
