Common use of MINIMUM MONTHLY REPAYMENT Clause in Contracts

MINIMUM MONTHLY REPAYMENT. a) 5% of the outstanding balance + 100% Service Tax (if any) + 100% of Monthly Instalment for Auto Balance Conversion (if any); or RM50, whichever is higher on payment due date. *Auto Balance Conversion (ABC) is a credit card programme offer only to eligible cardholders to gain financial flexibility by automatically converting the outstanding balances into smaller installments at lower interest rate.

Appears in 5 contracts

Samples: Cardmember Agreement, Cardmember Agreement, v.icbc.com.cn

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.