In the event that CLIENT defaults: a. Customer agrees to pay late penalty expenses as applicable. If RCBC needs to refer Customer’s circumstance to a set agency or by way of a legal professional-at-Legislation, Consumer shall be liable to pay for the expense of collection and/or attorney's payment similar to twenty five% of the quantity claimed a

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Curiosity - the cost of borrowing funds, compensated Besides your principal. You may as well think about it as Everything you owe your lender for funding the loan.Prepayment penalty: If you repay a loan in advance of program, your lender may well cost a payment to make up for the lost fascination. Lenders are necessary by law to reveal prepayment c