Approved by

by the decision of the supervisory board

CREDIT UNION “NOW”

(Minutes No. 21 dated September 26, 2017)

 

Chairman of the Supervisory Board

________________ Yu.V. Uvarova

 

 

 

SAMPLE CONSUMER LOAN AGREEMENT No. ___

on the provision of funds for a loan, including on the terms of a financial loan

 

m. __________ ___ __________ 20 __ p.

Credit Union “NOW” (hereinafter referred to as the “Lender”), location: _______________ (registered by the Goloseevskaya district in the city of Kiev by the state administration on May 25, 2011, under No. 1 068 102 0000 027941 entries in the unified state register of legal entities and individuals EDRPOU 37716197, certificate on the registration of a financial institution, KS series No. 943 dated December 1, 2011, issued on the basis of order No. 711 dated December 1, 2011 of the State Commission for Regulation of Financial Services Markets of Ukraine) represented by the Chairman of the Management Board, on the one hand, and

member of the Credit Union “NOW”, ______________________________________________, passport series _____ No.: ____________ issued by ________________________________ identification (tax) number _____________, registered at: __________________, place of residence: ________________________, acting on the basis of civil capacity and hereinafter referred to as the “Borrower” of the party, in hereinafter, in the text of this Agreement, they are collectively referred to as the “Parties”, and each separately, as the “Party”, entered into this loan Agreement No. ____________ dated _____________ (hereinafter referred to as the “Agreement”) on the following:

 

  1. SUBJECT OF THE CONTRACT

 

1.1. The Lender undertakes to provide the Borrower with a consumer loan in the amount of ________ (__________) hryvnia (hereinafter referred to as the loan) on the basis of urgency, repayment, intended use, payment and security, and the Borrower undertakes to repay the loan and pay interest on the loan on the terms specified in this Agreement.

1.2. A purpose-oriented loan is provided for purposes .                                                                                          

 

  1. TERMS IN THE AGREEMENT, PROCEDURE AND TERMS OF PROVISION OF THE LOAN

2.1. The loan is provided for a period of _____ (____ in words ___) actual months from the date of receipt by the Borrower of the loan, that is, from “_____” ______ __ 20___ to “_____” ______ __ 20___.

2.2. The Lender undertakes to provide the Borrower with a loan on the day the Parties sign this Agreement.

2.3. The conclusion of this Agreement is not associated with the need for the Borrower to receive additional or related services from the Lender, credit intermediary or third parties.

2.4. The borrower undertakes to repay the loan and pay interest for using the loan before the expiration of the period specified in clause 2.1. actual agreement.

2.5. Credit is given to the Borrower in cash at the lender, or (according to the request of the Borrower), by bank transfer the loan amount to the account designated by the Borrower in a statement, or according to the request of the Borrower by means of a replenishment earmarked voluntary contribution to the Borrower additional capital Failure by the Borrower details of his bank account (provision details with errors) or the failure of the Borrower to receive a loan in cash through the Lender’s cashier (or otherwise evading a loan), releases the Lender from liability for violation of the obligation provided for in clause 2.2. actual agreement.

2.6. The date of receipt of the loan by the Borrower is the date of the issuance of the loan amount to the Borrower in cash through the cashier of the Lender, and in case of non-cash payments – the date of debiting the corresponding amount from the account of the Lender, when sending the Borrower’s voluntary targeted contribution to additional capital or a volunteer to replenish the voluntary targeted contribution of the Borrower to additional capital or a voluntary additional share contribution of the Borrower.

2.7. The date of repayment (repayment) of the loan, as well as the date of payment of interest, is the date of registration by the Lender of income cash documents for the amounts received, and in case of non-cash payments – the date of crediting funds to the account of the Lender, when sending a voluntary targeted contribution of the Borrower to additional capital or the good of the Borrower for repayment credit and interest for its use at the written request of a member of the credit union, provided that the credit union observes the capital adequacy ratio after the supervisory board ( board in case of delegation of authority) of the credit union makes the appropriate decision – the date of adoption by the supervisory board ( board in case of delegation of authority) of the credit union of the respective solutions

2.8. The loan is provided on the terms (payment of interest and the principal amount of the loan at the end of the loan agreement; periodic payment of interest and payment of the principal amount of the loan at the end of the term of the loan agreement; periodic payment of interest and periodic payment of equal shares of the principal amount of the loan, which are calculated by dividing the amount provided loan for the number of periods of use of the loan, periodic payment of interest and the principal amount of the loan “in equal installments”, which provides for a constant (equal) payment amount throughout the term of the loan agreement.                                                                                     

 

  1. LOAN PAYMENT AND PAYMENT MECHANISM

 

3.1. The fee for using the loan (interest) is fixed and amounts to ___% per annum of the amount of the loan balance for each day of using the loan. Interest is calculated for the actual number of calendar days of using the loan, excluding the day of receiving the loan and including the date of its repayment.

3.2. Interest under this Agreement is accrued taking into account the number of days in a calendar year (weekends, holidays and non-working days inclusive). The number of days in a year is taken as 365 (366).

3.3. If the date of making regular payments according to the Schedule of payments, which is Appendix No. 1 to this Agreement (hereinafter referred to as the Schedule of payments) falls on a weekend (holiday, non-working) day, then payments are made on the next working day on weekends (holidays, non-working days) The lender and is not considered a breach of settlement.

3.4. The repayment of the loan and interest for the use of the loan takes place in the following order: first of all, the interest for the use of the loan is payable, and secondly, the amount of the loan. In the event that the amount of the payment made is insufficient to fulfill the obligation under this Consumer Loan Agreement in full, this amount shall pay off the claims of the Lender in the following order:

1) first of all, the overdue amount of the loan and the overdue interest for the use of the loan are paid;

2) secondly, the amount of the loan and interest for the use of the loan are paid;

3) in the third place, a forfeit and other payments are paid in accordance with this Agreement.

3.5. The parties agreed that the provision and repayment of the loan and interest for the use of the loan will be carried out in accordance with the Payment Schedule. The payment schedule complies with the conditions specified in clause 2.8. actual agreement.

3.6. Delay in payment of the loan and / or interest for the use of the loan (according to the Payment Schedule) does not stop the accrual of interest as during the loan period specified in clause 2.1. of this Agreement, and upon the expiration of this period during the further use by the Borrower of the provided funds, except in the case of a separate decision on this by the Lender.

3.7. The Borrower repays the loan and interest for the use of the loan to the cashier of the Lender at its location on the corresponding working days and hours or according to the application of the Borrower by transferring funds to the current account of the Lender specified in Section 11 of this Agreement, or by sending a voluntary targeted contribution of the Borrower to capital ( voluntary additional share contributions of the Borrower) for the repayment of the loan and interest for its use at the written request of a member of the credit union, provided that the credit union observes the capital adequacy ratio after the supervisory board ( board in case of delegation of authority) of the credit union makes an appropriate decision.

3.8. According to the requirements of clause 9) part 1 of Article 12 of the Law of Ukraine “On Consumer Lending”, the real annual interest rate and total cost of the loan for the Borrower as of the date of this Agreement, as well as all assumptions used to calculate such a rate, specified in the Payment Schedule , which is Appendix No. 1 to this Agreement. The real annual interest rate does not depend on the way the loan is provided. The calculation of the real annual interest rate and the total cost of the loan is based on the assumption that this Agreement remains valid during the term of the loan and that the Lender and the Borrower will fulfill their obligations on the terms and conditions specified in this Agreement.

3.9. All settlements between the Parties are carried out only in the national currency of Ukraine.

 

  1. CREDIT COVERAGE

 

4.1. The Borrower’s obligation regarding the timely repayment of the loan and payment of interest for the use of the loan is secured by ___________________ (pledge and / or surety and / or forfeit (fine, penalties) and / or other types of security not prohibited by law) * (must be emphasized).

4.2. In addition to the specific clause 4.1. of this Collateral Agreement, the loan is also secured to all property and monetary funds that belong to the Borrower on the right of ownership, on which, according to the current legislation of Ukraine, collection can be levied.

4.3. The Borrower confirms that the property, which will secure the fulfillment of the obligation under this Agreement, belongs to him (the Borrower) by right of ownership, not limited in circulation, is not pledged by third parties.

 

  1. OTHER RIGHTS AND OBLIGATIONS OF THE PARTIES

 

5.1. The Borrower, in addition to the obligations provided for by the aforementioned clauses of this Agreement, is obliged:

5.1.1. Use the loan for its intended purpose.

5.1.2. Provide the Lender with all the necessary documents to verify the use of the loan for its intended purpose.

5.1.3. Make payments on time to repay the loan and interest accrued for the use of the loan, in accordance with the Payment Schedule.

5.1.4. Notify the Lender in writing about changes in place of residence, work, contact phone numbers, surname or first name and other circumstances that may affect the fulfillment of the obligations of the Parties under this Agreement, within 15 working days from the date of their occurrence.

5.1.5. Conclude an agreement (s) with the Lender to secure the fulfillment of the Borrower’s obligation to the Lender under this Agreement, if the security of the obligation is subject to a separate agreement.

5.1.6. In case of delay in payment of part or all of the loan amount, pay the accrued interest for using the loan based on the actual period of using the loan, including the date of repayment.

5.1.7. Within seven calendar days from the date of submission to the Lender of a written notice of cancellation of this Agreement in compliance with the requirements specified in clause 5.2.3. return the funds received under this Agreement to the Lender and pay interest for the period from the date of receipt of funds to the day of their return at the rate established by this Agreement.

5.1.8. Notify the Lender of the intention to repay the loan early by submitting an appropriate written application and, in the event of early loan repayment, pay the Lender interest for using the loan and the cost of all services related to servicing and repaying the loan for the period of actual use of the loan.

5.2. The borrower has the right:

5.2.1. At any time, fully or partially repay the loan ahead of schedule, including by increasing the amount of periodic payments.

5.2.2. Apply to the Lender with a written request to postpone payments (loan repayment and / or interest payments) in the event of temporary financial or other complications for reasons beyond the Borrower’s control.

5.2.3. Within fourteen calendar days from the date of the conclusion of this Agreement, refuse to conclude this Agreement without explaining the reasons, including if he receives funds (hereinafter referred to as the refusal period), provided that the Lender is notified in writing (in paper or electronic form with imposition) of electronic signatures, electronic digital signatures, other analogs of handwritten signatures (seals) of the parties in the manner prescribed by law) before the expiration of the refusal period. If the Borrower does not present the notice in person, it must be notarized or submitted and signed by a representative in the presence of a power of attorney to perform such actions.

The Borrower is not obliged to pay any other fees in connection with the cancellation of this Agreement.

Refusal from this Agreement is the basis for termination of the agreement with the Lender to ensure the fulfillment of the obligation by the Borrower to the Lender under this Agreement, if the security of the obligation is subject to a separate agreement.

The right to withdraw from this Agreement does not apply if the fulfillment of the obligation under it is secured by concluding notarized agreements (legal provisions), as well as if the loan was provided for the purchase of works (services), the performance of which occurred before the expiration of the term for cancellation of this Agreement.

5.2.4. In accordance with the legislation, receive compensation from the Lender in connection with termination or non-fulfillment by the Lender of this Agreement.

5.2.5. Require the Lender, upon a written application, but not more than once a month, to receive free of charge within  working days from the date of submission to the Lender of such an application to provide written information on the current amount of the Borrower’s debt, the amount of the loan returned to the Lender, in particular information on payments hereunder. The agreement that has been paid, which should be paid, give payments or periods in time and the conditions for the payment of such amounts (if possible, specifying such conditions).                      

5.3. The Lender, in addition to the obligations provided for by the aforementioned clauses of this Agreement, is obliged:

5.3.1. Notify the Borrower in writing of changes in location, as well as other information specified in section 11 of this Agreement within 15 working days from the date of their occurrence.

5.3.2. In case of a written request from the Borrower to postpone payments (loan repayment and / or payment of interest) due to temporary financial or other complications, consider such an appeal within 15 working days and give a clear and unambiguous answer. In any case, the postponement of payments (loan repayment and / or interest payments) is formalized by an additional agreement.

5.3.3. If the Borrower has exercised the right to repay the loan by increasing the amount of periodic payments, make the appropriate adjustments to the Borrower’s obligations towards their reduction and, at the request of the Borrower, provide him with a new Payment Schedule.

5.3.4. Accept payments from the Borrower in case of early repayment of the loan without setting the Borrower any fee related to early repayment of the loan.

5.3.5. Notify the Borrower in writing about the delay by the Borrower of the payment of a part of the loan and / or interest for at least one calendar month, and for a loan secured by a mortgage, and on a loan for the purchase of housing – at least three calendar months, indicating the requirement for the Borrower to implement such payments or loan repayment within 30 calendar days, and for a loan secured by a mortgage, and for a loan for the purchase of housing – 60 calendar days from the date of receipt from the Lender of a notice of such a requirement. If during this period the Borrower eliminates the breach of the loan agreement, the Lender’s claim becomes invalid.

5.3.6. Provide free of charge, upon a written application of the Borrower, but not more often than once a month, within  working days from the date of receipt of such an application, written information about the current amount of the Borrower’s debt, the amount of the loan returned to the Lender, in particular information about payments under this Agreement that have been paid should pay, give payment or periods in time and the conditions for the payment of such amounts (if possible, specifying such conditions).                

5.4. The lender has the right:

5.4.1. Require the Borrower to comply with the terms of this Agreement.

5.4.2. Require the Borrower to conclude an agreement to secure the fulfillment of obligations by the Borrower to the Lender under this Agreement.

5.4.3. Demand early repayment of the loan, the due date of which has not yet arrived, in full, and payment of interest for the entire actual period of use of the loan in the event of at least one of the specified circumstances:

a) in case of violation by the Borrower of the obligation of the intended use of the loan established by this Agreement;

b) delay in payment by the Borrower of a part of the loan and / or interest for at least one calendar month, and for a consumer loan secured by a mortgage and for a consumer loan for the purchase of housing (real estate) for at least three calendar months;

5.5. All rights and obligations of the Borrower under this Agreement may pass to a third party with the consent of the Lender.

5.6. In the event of the death of the Borrower before the expiration of this Agreement, all rights and obligations of this Agreement shall pass to his heirs in the manner determined by the current legislation of Ukraine.

5.7. If the Lender is based on clause 5.4.3. of this Agreement requires the return of a consumer loan, a consumer loan can be repaid by the Borrower within thirty calendar days, and for a consumer loan secured by a mortgage, and for a consumer loan for the purchase of housing (real estate) – sixty calendar days from the date of receipt of the Lender’s notification. If during this period the Borrower eliminates the violation of the terms of this Agreement on the provision of a consumer loan, the Lender’s claim comes into force.

 

  1. WARNING BORROWER UNDER CONTRACT TERMS

 

6.1. When concluding this Agreement, the Borrower confirms that:

1) he is fully capable and there are no court decisions against him (entered into legal force and not canceled by other decisions) on the limitation of his legal capacity or recognition as incompetent, and also he is not aware of the consideration of cases by the courts with the specified requirements;

2) his expression of will is free and corresponds to his inner will;

3) he is not under the influence of a difficult circumstance for him, forcing him to conclude this Agreement;

4) he clearly understands all the terms of this Agreement and is not under the influence of error or deception;

5) he considers the terms of this Agreement to be beneficial for himself;

6) the documents provided by them for obtaining a loan are reliable and reflect its real financial condition as of the date of submission of the documents;

7) the property, which ensures the fulfillment of the obligation under this Agreement, belongs to him by right of ownership, is not limited in circulation (circulation) and is not pledged.

 

  1. LIABILITY OF THE PARTIES

 

7.1. The parties are responsible for violation of the terms of this Agreement in accordance with the current legislation of Ukraine.

7.2. A violation of the terms of this Agreement is its non-performance or improper performance, that is, performance in violation of the conditions determined by the content of this Agreement.

7.3. The Borrower who has violated his obligation to repay the loan and interest on it must reimburse the Lender for the damage caused by this in accordance with the law, taking into account the specifics specified in clause 7.4. – 7.6. actual agreement.

7.4. The Borrower who violated his obligation to repay the loan and pay interest under this Agreement, and did not use the right provided for in clause 5.2.2. of this Agreement, by decision of the Credit Committee of the Lender, must pay the Lender a penalty calculated as a percentage of the amount of the untimely fulfilled monetary obligation – overdue debt on the loan and accrued interest for each day of delay. The penalty interest is set in the amount of the double discount rate of the National Bank of Ukraine in effect during the period for which the penalty is paid, and cannot exceed 15 percent of the amount of the overdue payment.

7.5. The borrower who has not fulfilled another of those specified in clause 5.1. obligations of this Agreement, except for the obligations established by cl. 5.1.3. of this Agreement and did not use the right provided for in clause 5.2.2. of this Agreement, by the decision of the Credit Committee of the Lender, must pay a fine in the amount of  interest of the amount received by the Borrower under this Agreement                      

7.6. The aggregate amount of the forfeit (fine, penalty) accrued for breach of obligations by the Borrower under this Agreement may not exceed half of the amount received by the Borrower under this Agreement and cannot be increased by agreement of the parties.

 

  1. DISPUTE RESOLUTION

 

8.1. All disputes arising from or related to this Agreement shall be resolved through negotiations between the Parties.

8.2. If the relevant dispute cannot be resolved through negotiations, it is resolved in court according to the established jurisdiction and jurisdiction of such a dispute in accordance with the legislation in force in Ukraine.

  1. PROCEDURE FOR MAKING CHANGES AND ADDITIONS, TERMINATION OF THE AGREEMENT

 

9.1 Amendments to this Agreement shall be formalized by signing additional agreements by the Parties.

9.2. The Borrower has the right to early terminate this Agreement only on condition of early repayment of the loan and payment of interest on the use of the loan.

 

  1. DURATION OF THE CONTRACT AND OTHER TERMS

 

10.1. The term of this Agreement is  (years, months, days, etc.).                                  

10.2. This Agreement is valid from the moment it is signed by both Parties.

10.3. This Agreement is terminated:

10.3.1. After the expiration of the period specified in clause 10.1. actual agreement.

10.3.2. In the event of the entry into force of a court ruling or decision on the termination of this Agreement;

10.3.3. In case of early termination of this Agreement in the manner specified in clause 9.2.

10.4. The expiration of the term of the agreement does not relieve the parties from liability for its violation that took place during the validity of the agreement (according to Article 631 of the Civil Code of the Russian Federation).

10.5. The Borrower confirms that:

– received from the Lender, prior to the conclusion of the Agreement, the information specified in Article 12 of the Law of Ukraine “On Financial Services and State Regulation of Financial Services Markets” and

– information on the terms of lending and the approximate total cost of the loan provided by the Lender based on the loan terms chosen by the Borrower,

– The Borrower has received all the explanations necessary to enable it to assess whether this Agreement has been adapted to the needs and financial situation of the Borrower, in particular by clarifying the information provided, including the material characteristics of the services offered and certain consequences that they may have for the Borrower, in including in case of default by the Borrower of obligations under this Agreement,

– the information is provided by the Lender in compliance with the requirements of consumer protection legislation and ensures a correct understanding by the Borrower of the essence of the financial service without imposing its purchase.

10.6. The signature of the Borrower in section 11 of this Agreement is a confirmation, including that the Borrower has received in writing the information specified in clause 10.5 and one of the originals of this Agreement.

10.7. This Agreement is made in 2 copies, one for each of the Parties, having the same legal force.

10.8. After signing this Agreement, which complies with the terms of the “Regulations on Financial Services of the Credit Union” NOW “effective as of the date of signing this Agreement, all preliminary negotiations on it, correspondence, preliminary agreements, letters of intent and any other oral or written agreements of the Parties with questions, so or otherwise relating to this Agreement, become null and void.

10.9. All legal relations of the Parties not regulated by this Agreement are governed by the current legislation of Ukraine.

 

  1. ADDRESSES, DETAILS AND SIGNATURES OF THE PARTIES:
CREDIT GIRL Borrower
Credit Union ” NOW

 

 

 

PIP
Location:Place of residence:
Tel:Tel:
P / s No.The passport:
v
MFOIdentification code:
EDRPOU code
/ _____________ // ___________ /

 

The contract received:

 

“____” _____________ 20_ p. ____________________ / ____________ /

 

Appendix # 1

to the Loan Agreement

on consumer loan No. ____

from “__” ________ 20__

 

PAYMENT SCHEDULE

 

Loan date: ______________

Amount of credit: _________

Interest rate: __________

 

  1. This Schedule establishes the frequency and amount of payments by the Borrower to repay the loan and pay interest for using the loan, namely:
date RemainderAccrued interestRepayed
 Principal amountPercent Principal amountPercent
      
Total

 

  1. The real annual interest rate and the total cost of the loan for the Borrower as of the date of this Agreement are calculated in accordance with the requirements of Article 8 of the Law of Ukraine “On Consumer Lending”. The size of the real annual interest rate does not depend on the method of granting the loan specified in clause 2.5. actual agreement. The calculation of the real annual interest rate and the total cost of the loan is based on the assumption that this Agreement remains valid during the term of the loan and that the Lender and the Borrower will fulfill their obligations on the terms and conditions specified in this Agreement.
  2. The calculation of the total cost of the loan for the Borrower under this Agreement is carried out in monetary terms by summing up the total amount of the loan specified in clause 1.1. of this Agreement and general expenses on the loan according to the formula:

Vare = K + ZV ,

de

Vare  – the total cost of the loan for the Borrower under this Agreement;

K  – the total amount of the loan, which is the amount of funds provided to the Borrower under this Agreement (principal debt on the loan, the body of the loan) in accordance with clause 1.1 of this Agreement;

OP  – total expenses on the loan, including interest on the use of the loan.

Payments for additional and related services of the Lender related to obtaining, servicing and repaying a loan, as well as for the services of a credit intermediary due to the absence of such services and the need to obtain them by the Borrower are not included in the total cost of the loan.

Also, the total cost of the loan does not include:

  • payments for additional and related services in favor of third parties, in particular a notary, appraiser, insurer, related to this Consumer Credit Agreement (if any),
  • payments to be paid by the Borrower in case of failure to fulfill his obligations under this Agreement;
  • payments for goods (works, services) that the Borrower is obliged to make regardless of whether the transaction was concluded with payment at the expense of the Borrower’s own funds or at the expense of a loan.

The total cost of the loan for the Borrower under this Agreement, calculated in accordance with the requirements of this clause of the Payment Schedule, is:

Vare  =  +  =  hryvnia.                                                                                              

  1. Based on clause 2.8. of this Agreement, according to which the loan is provided to the Borrower on the terms ( payment of interest and the principal amount of the loan at the end of the loan agreement; periodic payment of interest and payment of the principal amount of the loan at the end of the term of the loan agreement; periodic payment of interest and periodic payment of equal shares of the principal amount of the loan , which are calculated by dividing the total amount of the loan provided by the number of periods of use of the loan) , in which interest on the loan is accrued on the amount of the outstanding loan balance (the principal debt on the loan (the body of the loan)), and the principal debt on the loan (the body of the loan) is paid equal to parts (or at the end of the term of this Agreement) , the real annual interest rate is calculated as a percentage using the formula:

 

form1de

РР  – real annual interest rate under this Agreement;

OP  – total expenses on the loan, determined in accordance with clause 3 of this Schedule of payments;

K – the total amount of the loan, which is the amount of funds provided to the Borrower under this Agreement (principal debt on the loan, the body of the loan) in accordance with clause 1.1 of this Agreement;

T  is the term for using the loan in calendar days. The term for using the loan is considered from the day following the day the funds are provided under this Agreement to the Borrower, until the day of repayment of such a loan (full repayment of the principal loan debt) provided for in this Agreement.

The real annual percentage of the rate under this Agreement, calculated in accordance with the requirements of this paragraph of the Payment Schedule, is:

 

PP =  % per annum.                        

 

OR

  1. Based on clause 2.8. of this Agreement, according to which the loan is provided to the Borrower on the terms ( periodic payment of interest and the principal amount of the loan in “equal installments”, which provides for a constant (equal) payment amount throughout the term of the loan agreement) , the real annual interest rate accurately discounts all future cash payments of the Borrower on the loan in the net amount of the loan disbursed.

4.1. The real annual interest rate is calculated as a percentage using the following formula:

form2

de

РР  – real annual interest rate under this Agreement;

K  – the total amount of the loan, which is the amount of funds provided to the Borrower under this Agreement (principal debt on the loan, the body of the loan) in accordance with clause 1.1 of this Agreement;

t is the ordinal number of the payment, herewith – the ordinal number of the payment (payments) at the beginning of the validity of this Agreement (at the time of the conclusion of this Agreement);

d 1 – the date of payment at the beginning of this Agreement (at the time of the conclusion of this Agreement);

d t – payment date with a serial number;

n – the number of payments provided for by this Agreement;

K t – payment in repayment of the principal debt on the loan (loan body) with the date of payment d t , moreover, K =n t K t .

ЗВ t  – total expenses on the loan, determined in accordance with clause 3 of this Schedule of payments, with the date of payment d t , while ЗВ = ∑ n t ЗВ t , ЗВ t  – total expenses on a consumer loan with payment at the beginning of this Agreement (on the moment of the conclusion of this Agreement), as well as when issuing a loan.

4.2. Calculation of the value of this annual interest rate in the manner specified in clause 4.1. This calculation schedule is made using software.

When calculating the value of the real annual interest rate using the Microsoft Excel software package, the following function is used:

PERFORMANCE (XIRR) – if cash flows occur at any frequency, usually for accounting periods with different lengths, which is expressed in days with the indication of the date of such cash flows.

4.3. The real annual percentage of the rate under this Agreement, calculated in accordance with the requirements of this paragraph of the Payment Schedule, is:

 

PP =  % per annum.                        

  1. Payment by the Borrower of the cost of other services related to the conclusion of this Agreement, receipt, maintenance and repayment of the loan is not provided for by this Agreement.
  2. This Schedule of payments is concluded in two original copies, one for each of the Parties and is an integral part of the Loan Agreement No. ___ dated “___” ________ 20__

 

SIGNATURES OF THE PARTIES

 

CREDIT GIRL

 

Credit Union ” NOW

 

 

________________ FIO

m. (signature)

Borrower

 

FULL NAME

 

__________________ FIO

(signature)