Equal instalments financing Sample Clauses

The Equal Instalments Financing clause establishes that payments for a financed amount will be made in uniform, regularly scheduled instalments over a specified period. Typically, this means the borrower repays the principal and any applicable interest in equal amounts, such as monthly or quarterly, until the total obligation is satisfied. This structure provides predictability for both parties, making budgeting easier and reducing the risk of payment disputes by clearly outlining the payment schedule and amounts.
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Equal instalments financing. Purchases by equal instalments are subject to credit charges calculated starting from the date they are posted to the statement of account until they are paid in full, at the annual interest rate in effect for the financing plan offered by the merchant.
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