Loan Services. The interest rates payable by the Group to CIMC Finance shall be the rate as may be agreed from time to time between the parties for each specific transaction provided that the agreed rate shall be determined with reference to be the benchmark loan interest rates prescribed by the PBC from time to time and shall not be higher than the interest rates offered by other independent third-party commercial banks in the PRC for loans of the same term and type. No security over the assets from the Group will be required in securing any of such loans.
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Loan Services. The interest rates payable by the Group to CIMC Finance shall be the rate as may be agreed from time to time between the parties for each specific transaction provided that the agreed rate shall be determined with reference to be the benchmark loan interest rates prescribed by the PBC from time to time and shall not be higher than the interest rates offered by other independent third-third- party commercial banks in the PRC for loans of the same term and type. No security over the assets from the Group will be required in securing any of such loans.
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