Offered Interest Rate means the offered quotation specified in the Final Terms and, following the occurrence of a Benchmark Event, the relevant Replacement Offered Interest Rate or, as applicable, the relevant Alternative Offered Interest Rate or, as applicable, the Offered Interest Rate for the immediately preceding Interest Period, as determined at the relevant time in accordance with this § 3(3).
Offered Interest Rate means the interest rate for the Loan Request that would generate monthly repayments equal to the sum of the individual scheduled repayments due to be made to the Lenders. This rate is calculated before the application of any fees to FundingKnight.
Examples of Offered Interest Rate in a sentence
To read more about our fees, take a look at our Fees schedule How Bidding Works Example: Loan Request for $1,000, with an Initial Offered Interest Rate 9%.
Key Interest Rates on Loans Offered Interest Rate Range p.a. Note: Taxes as Applicable C.
Lenders offer you a portion of your Loan in the form of a Bid at the Offered Interest Rate on your Loan Request until enough Bids are offered to cover the entire value of the Loan.2. If your Loan Request is filled by Bids from Lenders you can either close your Loan Request or allow new Lenders to outbid existing Lenders and thereby lower your Loan Interest Rate and your monthly payments.
The current Offered Interest Rate will still be 8.5% (highest Secret Rate of successful Bid).