Total charge for credit Sample Clauses
Total charge for credit. (a) The total cost of this arranged overdraft facility including interest and any other related cost is £[Total Cost of Credit].
(b) This cost is calculated on the following assumptions:
(i) you borrow up to your arranged overdraft limit immediately and in full for the duration of the overdraft facility;
(ii) the duration of the overdraft facility is three (3) months;
(iii) you repay the entire overdraft balance in full at the expiry of three (3) months.
Total charge for credit. The charge for credit on this loan is . This is the interest on the loan, calculated on the agreed duration of the loan. You agree to pay us this amount.
Total charge for credit. The total charge for credit at the time your original Agreement was entered into is shown in your original Agreement.
Total charge for credit. Key Information
Total charge for credit. 5.1 If a Card is used for a Purchase equivalent to £1,400.00 (the Business Limit) and repaid at the standard rate in 12 equal monthly instalments you will pay £1,526.62 comprised of £126.62 interest and £32 annual fee payable for one Cardholder(s) with the Business paying £158.62 for each Cardholder. This fee will be payable in accordance with condition 9.5.