Common use of Loan Interest Clause in Contracts

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. 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.