Examples of Interest Free Period in a sentence
The Interest Free Period from the statement date for new retail transactions and current month’s Monthly Instalment(s) is only applicable if you make full payment on the outstanding balance from the previous month’s statement of account by the Payment Due Date.
Finance Charge to be calculated on a daily basis after the Interest Free Period provided the outstanding balance of stated in the Cardmember’s previous Statement is fully settled by Payment Due Date.
No Finance Charges will be imposed if you have fully settled the preceding month’s Current Balance in full (or in the case of Monthly Instalment, if you have settled all of your Monthly Instalment in full) on or before the Payment Due Date as evidenced by the current month’s statement, for which, you will enjoy an Interest Free Period of at least twenty (20) days commencing from the date of the current month’s statement.
The Interest Free Period from the statement date for new retail transactions is only applicable if you make full payment on the outstanding balance from the previous month’s statement of account by the Payment Due Date.
Subject to Clausei above, in the event the Licensee does not make the payment of the License Fee by the fifteenth calendar day of each month (“ Interest Free Period”), the Licensee shall pay the License Fee together with interest simple interest computed at 18%(eighteen percent) per annum, which shall be payable from the expiry of the Interest Free Period until the date on which such payment gets credited to the account of the Licensor.