TERMS AND DEFINITIONS OF THE AGREEMENT. 2.1. Unless otherwise stipulated in the Agreement or evident from the spirit of the Agreement, the terms used in the Agreement shall bear the following meaning: 2.2. Interest is the fee payable by the Borrower to the Lender for the use of the Credit Amount. Interest shall be calculated from and subject to payment from the date of entry into the Agreement (included) until the Payment Due Date of the last Instalment Payment (excluded) in accordance with the Payment Schedule under the Agreement. The amount of interest as a percentage is expressed with the Interest Rate.
Appears in 3 contracts
Sources: Consumer Loan Agreement, Consumer Loan Agreement, Consumer Loan Agreement