Common use of Personal Loans Clause in Contracts

Personal Loans. If the whole or any part of any payment due has been unpaid for 7 days or more, Late Payment Fees will be added to your loan and, if not paid immediately, will be added to the unpaid balance and accrue interest at the same rate as the Principal for the remaining term of the loan. We will not adjust your scheduled repayments for these amounts added, and if you want to pay Late Payment Fees and any interest that has accrued on them, you need to contact us. The Late Payment Fee is also charged every repayment cycle that the payment is overdue. For example, the Late Payment Fee is charged every subsequent 30 days where you make scheduled repayments monthly or every 14 days where you make scheduled repayments fortnightly. You will be charged the Late Payment Fee until any overdue payments are paid in full.

Appears in 2 contracts

Sources: Consumer Lending Agreement, Consumer Lending Products Terms and Conditions

Personal Loans. If the whole or any part of any payment due has been unpaid for 7 5 days or more, Late Payment Fees will be added to your loan and, if not paid immediately, will be added to the unpaid balance and accrue interest at the same rate as the Principal for the remaining term of the loan. We will not adjust your scheduled repayments for these amounts added, and if you want to pay Late Payment Fees and any interest that has accrued on them, you need to contact us. The Late Payment Fee is also charged every repayment cycle that the payment is overdue. For example, the Late Payment Fee is charged every subsequent 30 days where you make scheduled repayments monthly monthly, or every 14 days where you make scheduled repayments fortnightly. You will be charged the Late Payment Fee until any overdue payments are paid in full.

Appears in 1 contract

Sources: Consumer Lending Products Terms and Conditions

Personal Loans. If the whole or any part of any payment due has been unpaid for 7 for: • 30 days or more, more for Home Loans and Residential Investment Property Loans; or • 5 days or more for Personal Loans. Late Payment Fees will be added to your loan and, if not paid immediately, will be added to the unpaid balance and accrue interest at the same rate as the Principal for the remaining term of the loan. We will not adjust your scheduled repayments for these amounts added, and if you want to pay Late Payment Fees and any interest that has accrued on them, you need to contact us. The Late Payment Fee is also charged every repayment cycle that the payment is overdue. For example, the Late Payment Fee is charged every subsequent 30 days where you make scheduled repayments monthly monthly, or every 14 days where you make scheduled repayments fortnightly. You will be charged the Late Payment Fee until any overdue payments are paid in full.

Appears in 1 contract

Sources: Consumer Lending Products Terms and Conditions