Article 69
Effective from 2019-12-10 - Dec 09 2019
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| A borrower may accelerate the payment of the remaining finance amount at any time without bearing the term cost of the remaining period. A Consumer Microfinance Company may be compensated for the following: | ||
| a. | The cost of re-investment, but not exceeding the term cost for the following three months of payments, calculated on the basis of the declining balance; and | |
| b. | Payments from the Consumer Microfinance Company to a third party due to the finance agreement of expenses stipulated therein, if they are irrecoverable expenses, for the remaining term of the finance agreement. | |