Article 2 : Repayment of the Loan
The Borrower shall repay the principal amount of the loan to the Lender, as stipulated by the Loan Details attached herewtih by means of Telegraphic Transfer to the bank account as designated by the Lender.
Article 3 : Interest
1. The Interest for the loan stated on the preceding Article 1 shall be 2% per annum after the grace perion of five years and the same lterest rate thereafter on unpaid balance of the loan principal. The Borrower shall pay the Lender, as stipulated by the Loan Details attached herewith, the Interest for each loan period by means of Telegraphic Transfer to the bank account as designated by the Lender.
2. The dates appiled for calculation of interests are, Date to conduct the loan: Receiving date of the loan amount to the Borrower's bank account.
Date to conduct Repayment : Receiving date of the repayment to the Lender's bank account, or one day before, if the above stated date fall under the bank's business holiday.