LOAN PROTECTION. Loan Protection coverage is not required for any extension of credit under this Agreement. However, you may purchase any loan protection available through us and have the monthly fee added to your outstanding balance as purchases. If you elect to do so, we will give you the necessary disclosures and documents separately.
LOAN PROTECTION. Loan Protection is not required to obtain credit. If loan protection is offered on your Account and you request loan protection, the fee will be calculated monthly by multiplying the fee rate by the outstanding balance of each Account. The fee rates per $1,000.00 of the monthly outstanding balance are disclosed to you in the Business Visa Credit Card application. Fees will be posted at or after the end of each month. The fees for your loan protection will be added to your outstanding balance each month, upon which they will accrue interest. Although such protection is freely cancelable, it will be retained in effect until you have notified the Credit Union in writing of your intention to cancel. If you are late in paying or fail to pay your periodic payment, the Credit Union may advance funds on your behalf to pay such fees and the Credit Union may impose additional finance charges on the amount financed.
LOAN PROTECTION. Loan Protection coverage is not required for any extension of credit under this Agreement.
LOAN PROTECTION. We will cover The amount of any financial loan You make to Your Domestic Helper which cannot be repaid if Your Domestic Helper is repatriated or his/her mortal remains are returned to his/her home country and a valid claim is payable under Section 5 of this Policy, provided that satisfactory documented evidence of the loan is provided. We will not pay more than HK$10,000 for Loan Protection, during any one year. We will not cover
LOAN PROTECTION. If you have applied for Loan Protection insurance, then you will have received a certificate of insurance setting out various terms and conditions applicable to Loan Protection for your loan. You agree that the premiums payable for Loan Protection may be debited from the Account or such other account as the Lender may agree to from time to time.
