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Foreign Currency Loans



A US dollar or euro loan will be treated as a foreign currency loan, and the rate of interest will be fixed subject to readjustment every six months, according to the LIBOR rate (US dollar or euro) plus an increment that will be specified in the loan contract, and in accordance with what is stated in the loan documents.

 

Possible methods of repayment:

 

  • Spitzer
  • Equal principal
  • Bullet