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.