In case of change of the interest rate and/ or of the other payments size until the loan is settled,
The Bank has the right to change unilaterally the size of the interest rate depending on:
a. Rates of refinancing of National Bank of Moldova
b. Rate of inflation
c. Financial market evolution
In case of change of the interest rate and of the other payments,
The Bank is obliged preliminary, in ten-day term before application of the new interest rate to inform the Borrower about the change. The new interest rate is considered co-ordinated if owing to the notice, the Borrower does not repay when due (specified in the notice) the rest of the Credit and other debts against Bank according to the Contract. The new interest rate is charged on the rest of the Credit from the moment of its action.
Any notice handed over by the courier or sent by mail is considered received, under condition of a presentation of acknowledgement of the fact of delivery. The notice sent by mail, is considered handed over and in case of its returning by post service if the notice has been sent on the address of the party specified in the present Contract, or on the last address the Bank was informed in writing.
