Examples of Monthly Instalment in a sentence
The Parties further agree that the Borrower should have paid at least one Monthly Instalment prior to making part Pre-Payment of the Loan.
At the request of the Borrower, the Lender may accept part Pre-Payment of the Loan provided that the Borrower pays a minimum sum of one Monthly Instalment under the Loan.
Based on the part Pre -Payment made by the Borrower, as stated herein, either the Loan Tenure shall be reduced to the extent of the part Pre-Payment made or the Monthly Instalment amount shall be reduced by maintaining the Loan Tenure with the mutual written consent of the Parties.
The Monthly Instalment Amounts shall be paid by the Student to Milpark monthly in advance into the bank account nominated by Milpark for this purpose, free of deduction, set-off or exchange.
At the request of the Borrower, the Lender may accept the full Pre-Payment of the Outstanding Dues and foreclose the Loan if the Borrower has paid at least one Monthly Instalment.