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NTD Loan Interest Calculation Method

NTD Loan Interest Calculation Method

NTD Loan Interest shall be calculation as follows:
  • For short-term loans, the interest will be accrued on a daily basis over 365-days.
  • For medium-term and long-term loans, the full-month period will be accrued monthly. The rest period less than one month will be accrued on a daily basis. Provided that the interest rate changes within the accrued period, the interest will be accrued proportionally on a daily basis.
  • Unless otherwise agreed, the agreement shall be followed.