Traduction de «Prêt remboursable par versements » (Français → Anglais) :

(e) if the loan is to be paid by instalment payments and the amount to be paid is not adjusted automatically to reflect changes in the annual interest rate that apply to each instalment payment,

(6) Where at any time a person files a particular return under this Part in which the person reports an amount (in this subsection referred to as the “remittance amount”) that is required to be remitted under subsection (2) or (2.3) or paid under subsection (2.1) or (4) or Division IV or IV. 1 by the person and the person claims a refund or rebate payable to the person at that time under this Part (other than Division III) in the particular return or in another return, or in an application, filed under this Part with the particular return, the person is deemed to have remitted at that time on account of the person’s remittance amount, an ...[+++]d the Minister is deemed to have paid at that time on account of the refund or rebate, an amount equal to the lesser of the remittance amount and the amount of the refund or rebate.

The remaining loan bears interest at the rate of 4.125 per cent per annum and is repayable in semi-annual installments over thirty-nine years, with the final installment on March 20, 2004.

The table to be included in this section shall contain the following columns: ‘repayment schedule’ (e.g. month 1, month 2, month 3), ‘amount of the instalment’, ‘interest to be paid per instalment’, ‘other costs included in the instalment’ (where relevant), ‘capital repaid per instalment’ and ‘outstanding capital after each instalment’.

To solve this problem, the provision of study grants, bank loans and loans contingent on future income can encourage access to higher education.

It is clear that a weakening of the mandatory requirement would result in consumers having to pay considerably more by way of higher interest rates for low down payment loans.