For Multi-Trading purposes, instead of indicating an interest rate charged for transactions per financial company, the Installment Plan is indicated for each, so that each plan is charged according to need.
Example 1:
Transaction with Provider X:
From 01 to 05 installments – 5.00% rate
From 01 to 10 installments – 6.50% rate
From 01 to 12 installments – 7.50% rate
From 01 to 20 installments – 9.00% rate
Example 2:
Transaction with Provider Y:
From 01 to 05 installments – 1.00% rate
From 01 to 10 installments – 2.50% rate
From 01 to 12 installments – 4.50% rate
From 01 to 20 installments – 6.00% rate
Important: The Fee field is still applied if the Installment Plan is not registered, indicated in the Interest Rate field. |
See Also