CHARGES AND INTEREST. The following charges shall apply and may from time to time be subject to change upon notice within the full extent permitted or demanded by law. Interest rate on loan amount Upon the Borrower’s application for the Buy Now Pay Later Loan Facility through the OTG App, the Bank shall charge the Borrower a one-off charge, exclusive of excise duty (where applicable), for each application for a Buy Now Pay Later Loan facility. Once the Borrower opts-in, and opts to take up a BNPL loan, the Borrower shall receive, through the OTG App a confirmation of inter alia, the BNPL Facility limit which the Borrower has qualified for, the applicable processing fee, the applicable excise duty (or any other tax as provided under the Applicable Laws), the repayment amount, the repayment date, the applicable credit life insurance and all other applicable charges. The Bank legally reserves the right to vary the one-off charge as it may determine in its absolute and sole discretion from time to time in line with Applicable Laws.
Appears in 3 contracts
Sources: BNPL Loan Facility Agreement, BNPL Loan Facility Agreement, BNPL Loan Facility Agreement