Book traversal links for المادة الثامنة: التكاليف المستبعدة من احتساب معدل النسبة السنوي
Article 8: Costs Excluded from APR Calculations
Effective from Feb 01 2025 - Oct 30 2023
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The total cost of finance shall not include:
a. | Any amount charged in lieu of early repayment or settlement and changes in the terms and conditions of the financing agreement. |
b. | Fees and charges incurred as a result of failure to comply with the terms of the agreement i.e., late payment charges in the form of penalties, charges for collection, etc. |
c. | Other costs not paid in connection with the financing agreement (e.g. vehicle registration fees). |