Loan Interest Rate and Interest. 4.1 The annual interest rate of the Loan under the Contract is [8%/year], and should not be adjusted within the Loan Term. The corresponding interest should be calculated for the Loan under the Contract since the Loan issuance date according to the interest rate agreed in the Contract, and the daily interest rate should be calculated as annual interest rate/360. Unless otherwise specified, the interests of various loans within the Loan Term should be calculated as: Loan Interest Rate = Trust Loan Principal x actual loan days x daily interest rate. Therein, each Trust Loan Principal balance refers to the difference between the total amount of the Trust Loan issued by Party A and the total amount of the Loan principal actually repaid by Party B (hereinafter inclusive). Within the Loan Term, in case any Trust Loan Principal balance is changed, the Loan interest should be calculated by installment. Additionally, the actual days of each loan refers to the days from the issuance date to the expiry date of the Loan concerned. 4.2 In case the Borrower fails to pay off any due payables as agreed in the Contract, additional interests should be collected for such overdue funds at [50]% (“Overdue Default Interest Rate”) of the Loan Interest Rate since the overdue date till all payables are paid off. 4.3 In case the Borrower embezzles any loan fund, additional interests should be collected for such embezzled funds at [100]% (“Embezzlement Default Interest Rate”) of the Loan Interest Rate since the embezzlement occurrence date till the end of such embezzlement. 4.4 In case the same loan is overdue and embezzled, the higher Default Interest Rate should prevail. 4.5 For the interests incurred from the overdue funds and the embezzled funds, the compound interests should be calculated according to the corresponding Default Interest Rate. 4.6 For any unliquidated funds under the Contract, the corresponding interests should be calculated and/or the default interests should be daily calculated according to the actual days, and the daily interest rate should be calculated as annual interest rate/360.
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Loan Interest Rate and Interest. 4.1 The annual interest rate of the Loan loan under the Contract is [8%/year], and should not be adjusted within the Loan Termloan term. The corresponding interest should be calculated for the Loan loan under the Contract since the Loan loan issuance date according to the interest rate agreed in the Contract, and the daily interest rate should be calculated as annual interest rate/360. Unless otherwise specified, the interests of various loans within the Loan Term loan term should be calculated as: Loan Interest Rate loan interest rate = Trust Loan Principal trust loan principal x actual loan days x daily interest rate. Therein, each Trust Loan Principal trust loan principal balance refers to the difference between the total amount of the Trust Loan trust loans issued by Party A and the total amount of the Loan loan principal actually repaid by Party B (hereinafter inclusive). Within the Loan Termloan term, in case any Trust Loan Principal trust principal balance is changed, the Loan loan interest should be calculated by installment. Additionally, the actual days of each loan refers to the days from the issuance date to the expiry date of the Loan loan concerned.
4.2 In case the Borrower fails to pay off any due payables as agreed in the Contract, additional interests should be collected for such overdue funds at [50]% (“Overdue Default Interest Rateoverdue default interest rate”) of the Loan Interest Rate loan interest rate since the overdue date till all payables are paid off.
4.3 In case the Borrower embezzles any loan fund, additional interests should be collected for such embezzled funds at [100]% (“Embezzlement Default Interest Rateembezzlement default interest rate”) of the Loan Interest Rate loan interest rate since the embezzlement occurrence date till the end of such embezzlement.
4.4 In case the same loan is overdue and embezzled, the higher Default Interest Rate default interest rate should prevail.
4.5 For the interests incurred from the overdue funds and the embezzled funds, the compound interests should be calculated according to the corresponding Default Interest Ratedefault interest rate.
4.6 For any unliquidated funds under the Contract, the corresponding interests should be calculated and/or the default interests should be daily calculated according to the actual days, and the daily interest rate should be calculated as annual interest rate/360.
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