aIf any sum payable by the Borrower under the Facilities is not paid when due, such sum will attract interest at 10% per annum above the Bank's Base Rate prevailing from time to time (as certified by any officer of the Bank, whose appointment it shall not be necessary to prove), from...
Debit interest is the interest rate, agreed upon when opening an account and adjusted over time, applied to the amount of funds loaned to a customer when their checking account has insufficient funds. The interest can be applied daily, often compounding with the principal amount, or regularly on...