Flc: 28% (twenty-eight )

IV. THE REPAYMENT PROCEDURE


4.1. Interest on the Agreement is accrued on the balance of the principal debt daily. On Friday, interest is charged for the weekend of the current month. A similar process will be applied to public holidays. Interest is calculated using the 365-day-per-year method.
4.2. The interest rate for the overdue part of the principal debt is calculated starting from the first day of delay until the full repayment of the overdue part of the online microloan. Interest on overdue principal debt is accrued at the rate specified in clause 2.2.2. of this agreement.
4.3. If the day of any reimbursement payment falls on a non-working Bank day, the payment is transferred to the day following the non-working Bank day.
4.4. The auto-writing Service is activated by the Bank from the moment of receiving the online microloan, while the Borrower agrees and confirms the voluntary receipt of this service from the Bank.
4.5. The Borrower agrees to direct debiting by the Bank of payments on the online microloan from the bank cards, belonging to the Borrower, and also newly opened bank cards and from any accounts of the Borrower at all Banks of the Republic of Uzbekistan.
4.6. Debt Collection under this Agreement is carried out by the Bank by automatic debiting
4.6.1. interest accrued on overdue principal debt;
4.6.2. overdue interest;
4.6.3. the outstanding amount of the principal debt;
4.6.4. accrued interest on the loan;
4.6.5. principal amount of the loan.
4.7. In case of ahead of schedule repayment of an online microloan by the Borrower, this repayment by the Bank will be carried out in the following order:
4.7.1. the balance of accrued interest on the day of payment;
4.7.2. the remainder of the principal amount.
4.8. At the same time, the original schedule is recalculated, where the early repaid part of the principal debt is taken into account against subsequent payments according to the schedule, and only accrued interest is repaid until the date when the balance of the principal debt is included in the calculation by the annuity method before the end of the loan agreement.