Eatongate Capital

These terms and conditions apply to and regulate the provision of credit facilities advanced by Eatongate Capital Limited (Eatongate Capital Limited). These Standard Terms and Conditions, together with our offer letter set out the terms governing this Loan Agreement. It is important that you read the offer letter and these terms and conditions care... fully and keep them for future reference. i. The Annualized Percentage Rate of Interest (APR) for the direct Loan Accounts is as agreed in the Borrower's offer letter or at such higher rate which Eatongate Capital Limited may in its sole discretion (subject to applicable laws and regulations) determine from time to time and also as varied by Eatongate Capital Limited under sub-clauses a(ii) and/or a(iii) below. ii. Eatongate Capital Limited may in its sole discretion increase or decrease the prevailing interest rate for any reasons; and iii. Any change in interest rate will take effect on the Borrower's account following a minimum of 7 days written notice; and iv. All charges will be capitalized into the interest calculation. All payments by the Borrower will be made by one of the following methods: Direct Deposit into Eatongate Capital Limited's nominated account, Personal Cheques, Standing Order or through an acceptable electronic channel. All other methods will be accepted with Eatongate Capital Limited's consent only. In particular: i. The borrower will be given a dedicated and customized repayment plan upon approval of the loan application; iii. The Borrower will be sent an electronic message or SMS alert two (2) working days before each monthly repayment date and the Borrower hereby agrees that such notice shall be conclusively deemed received by the Borrower without need of any further notice. iv. The Borrower hereby agrees that non-payment of the amount owed by the Payment Due Date shall render the Borrower in default and entitles Eatongate Capital Limited to take steps to recover the outstanding loan amount in accordance with clause E below. At Eatongate ...Read More