浦发银行个人抵押贷款合同英文

No.:SPDBankPersonalGuaranteeLoanContractContractversionNo.:SPDB202103

SPDBankPersonalGuaranteeLoanContractPersonalGuaranteeLoanContractSpecialNotes:ThemainbodyofthepresentcontractismadeupofContractTermsandConditionsaswellasSummarySheetofElementsoftheContractTermsandConditions.TheContractTermsandConditionsneedsnottobefilledin,andallofitsitemstobefilledinareindicatedwithspecificcodes;theSummarySheetofElementsoftheContractTermsandConditionsisattachedtothePart2ofthiscontractbycentralizedprintingorfillinginalltheinformationwhichneedstobefilledin.TheborrowerandtheLoanerhaveconfirmedthatallthecontentsoftheSummarySheetofElementsoftheContractTermsandConditionsarecorrect,andalsoacknowledgedthatthecontractelementswhichneedtobefilledintheContractTermsandConditionsaresubjecttothecontentsoftheSummarySheetofElementsoftheContractTermsandConditions.AllthecontentsoftheSummarySheetofElementsoftheContractTermsandConditionscorrespondone-to-onewiththespecificcodesoftheitemstobefilledoutintheContractTermsandConditions,andconstitutesanintegralpartwiththeContractTermsandConditions.Theborrower:IDcertificatetypeandNo.:Thelender(theMortgagee/thepledgee):ShanghaiPudongDevelopmentBankCo.,Ltd.BranchThemortgager(name/designationofnaturalpersonorlegalperson):IDcertificatetypeandNo.:Thepledger(name/designationofnaturalpersonorlegalperson):IDcertificatetypeandNo.:Theguarantor(name/designationofnaturalpersonorlegalperson):IDcertificatetypeandNo.:Whereas:TheborrowerappliestothelenderforRMBpersonalloan,inaccordancewiththerelevantlaws,rulesandregulationsofthePeople'sRepublicofChina,uponconsensusthroughconsultationamongtheparties,thepresentcontractisherebyenteredintoformutualobservance.Meanwhile,theborrower,theguarantorandthelenderherebyconfirmthat(checkwitha√markanduncheckwitha×markaccordingtotheconditions):□ThepresentcontractservesasanancillarybusinessdocumentofthePersonalComprehensiveCreditGrantingContractunderthenumberofsignedbytheborrowerandthelender.□Thepresentcontractisanindependentbusinessdocumentsignedbytheborrower,theguarantorandthelender.Part1ContractTermsandConditionsArticle1LoanAmountandPurpose1.1TheloantypeofthepresentcontractisS1.1A(personalcarloan/personalconsumptionloan/personalbusinessloan/personalcreditloan/others:S1.1A),theloanamountisRMBS1.1BYuan(inwords:RMBS1.1CYuan),anditisusedforS1.1Donlyandshallnotbeappropriated.Thelenderhastherighttomonitortheuseofloans.Article2LoanTerm,InterestRateandMethodforInterestCalculation2.1Theloanterm(andthedebtperformanceperiod)underthepresentcontractisS2.1A(“year(s)andmonth(s)”),anditsstartdateisexpectedfromthedateS2.1B(fromMMDDYYtoMMDDYY).Theactualloanstartdateissubjecttothedaterecordedontheloanreceipt.2.2Thevaluedateoftheloanunderthepresentcontractisthedateofloanrelease.Themethodforinterestcalculationisasfollows:theloaninterestwillbecalculatedonadaily,monthlyandyearlybasis.Thecalculationmethodsoffull-year,full-monthandfull-dayshallbeadoptedforloaninterest.Iffull-year,full-monthandfull-daycannotbereached,thelastdayattheendofendisthefull-day.Iftheloanperiodcomestothecompletionofyear,theinterestshallbecalculatedasperannualinterestrate;iftheloanperiodcomestothecompletionofmonth,theinterestshallbecalculatedaspermonthlyinterestrate;iftheloanperiodcoversfullyear(month)andremnantdays,theinterestofthepartoffullyear(month)shallbecalculatedasperyearly(monthly)interestrate,andtheinterestoftheremnantdaysshallbecalculatedaccordingtotheactualnumberofdays.Theformulaofcomputationisasfollows:Forthefullyearandfullmonth:Interest=principal×period(thenumberofyear(s)ormonth(s))×yearlyormonthlyinterestrate;Forthefullyear(month)andremnantday(s):Interest=principal×[period(thenumberofyear(s)ormonth(s))×yearlyormonthlyinterestrate+thenumberofremnantday(s)×dailyinterestrate]2.3Exceptotherwisespecifiedbythebothparties,thedateofsettlementoftheloaninterestunderthepresentcontractistherepaymentdateforeachperiodagreedinthepresentcontract.2.4Theloaninterestrateunderthepresentcontractcanadoptthefloatinginterestrate,fixedinterestrateorquasi-fixedinterestrate,andactuallyadoptsthemethod:S2.4A;□FloatinginterestrateItshallbeexecutedaccordingtothebenchmarkloaninterestrateandfloatingrangepublishedbythePeople'sBankofChinainthecorrespondingperiod.TheloaninterestrateunderthepresentcontractisS2.4A–1–1(“□above□below%”)onthebasisofthebenchmarkloaninterestratepublishedbythePeople'sBankofChinainthecorrespondingperiod.IfthePeople'sBankofChinaadjuststhebenchmarkloaninterestratewithintheloanperiod,then,sincethetimethatthecontractloaninterestagreedinthepresentcontractisadjusted,thenewcontractloaninterestratewillbeexecutedafterthefloatingaccordingtotheabovesaidfloatingproportiononthebasisofthenewloanbenchmarkinterestrate.ThebenchmarkloaninterestrateofthePeople'sBankofChinainthecorrespondingperiodwhilesigningthepresentcontractis:S2.4A–1–2(“%(annualinterestrate)”).TheexecutedinterestrateisdeterminedaccordingtothebenchmarkloaninterestrateontheactualdateofloanreleaseregulatedbythePeople'sBankofChinainthecorrespondingperiodaswellasthefloatingproportionunderthepresentcontract.Monthlyinterestrate=annualinterestrate/12,dailyinterestrate=annualinterestrate/360,andtheinterestrateperperiod=annualinterestrate×thenumberofthemonth(s)ofeachperiod/12.IfthebenchmarkloaninterestrateregulatedbythePeople'sBankofChinaisadjustedwithintheloanperiod,thenthecontractinterestrateshallbeadjustedaccordinglyaspertheS2.4A–1–3method:□Adjustmentbyyear,andinterestaccrualbystage.Thatis,thenewinterestratewillbeexecutedaccordingtothebenchmarkloaninterestrateregulatedbythePeople'sBankofChinaaswellasthefloatingproportionstipulatedunderthepresentcontractasofthefirstcalendardayofthenextcalendaryearaftertheinterestrateadjustment.□Nointerestrateadjustment,andnointerestaccrualbystage.□Others:S2.4A–1–3□FixedinterestrateItshallbeexecutedaccordingtothefixedloaninterestrateandfloatingrangestipulatedbyShanghaiPudongDevelopmentBankinthecorrespondingperiod.TheloaninterestrateunderthepresentcontractisS2.4A–2–1(“□above□below%”)onthebasisofthefixedloaninterestratepublishedbyShanghaiPudongDevelopmentBankinthecorrespondingperiod.IfthePeople'sBankofChinaadjuststhebenchmarkloaninterestrateorShanghaiPudongDevelopmentBankadjuststhefixedinterestrateapplicabletothisbusinesswithintheloanperiod,thentheinterestrateexecutedinthepresentcontractwillnotbeadjusted.Thefixedinterestrateofthecorrespondingperiodwhilesigningthepresentcontractis:S2.4A–2–2(“%(annualinterestrate)”).TheexecutedinterestrateisdeterminedaccordingtothefixedloaninterestrateontheactualdateofloanreleasepublishedbythePeople'sBankofChinainthecorrespondingperiodaswellasthefloatingproportionunderthepresentcontract.Monthlyinterestrate=annualinterestrate/12,dailyinterestrate=annualinterestrate/360,andtheinterestrateperperiod=annualinterestrate×thenumberofthemonth(s)ofeachperiod/12.□Quasi-fixedinterestrateFixedinterestratewillbeexecutedforS2.4A–3–1(“month(s),estimatedtillMMDDYY)fromthedateofloanrelease.Thatis,itwillbeexecutedaccordingtothefixedloaninterestrateandfloatingrangestipulatedbyShanghaiPudongDevelopmentBankinthecorrespondingperiod(theloanperiodisfromthedateofloanreleasetillthedateofexpiryofthecontract).TheloaninterestrateunderthepresentcontractisS2.4A–3–2(“□above□below%”)onthebasisofthefixedloaninterestratepublishedbyShanghaiPudongDevelopmentBankinthecorrespondingperiod.IfthePeople'sBankofChinaadjuststhebenchmarkloaninterestrateorShanghaiPudongDevelopmentBankadjuststhefixedinterestrateapplicabletothisbusinesswithintheloanperiod,thentheinterestrateexecutedinthepresentcontractwillnotbeadjusted.Thefixedinterestrateofthecorrespondingperiodwhilesigningthepresentcontractis:S2.4A–3–3(“%(annualinterestrate)”).TheexecutedinterestrateisdeterminedaccordingtothefixedloaninterestrateontheactualdateofloanreleasepublishedbythePeople'sBankofChinainthecorrespondingperiodaswellasthefloatingproportionunderthepresentcontract.Monthlyinterestrate=annualinterestrate/12,dailyinterestrate=annualinterestrate/360,andtheinterestrateperperiod=annualinterestrate×thenumberofthemonth(s)ofeachperiod/12.Aftertheexpiryofthefixedinterestrate,i.e.,S2.4A–3–4(fromMMDDYYtoMMDDYY),afloatinginterestratewillbeexecuted.Thatis,itshallbeexecutedaccordingtothebenchmarkloaninterestrateandfloatingrangestipulatedbythePeople'sBankofChinainthecorrespondingperiod(theloanperiodiscalculatedfromthedateoftheloanrelease).TheloaninterestrateunderthepresentcontractisS2.4A–3–5(“□above□below%”)onthebasisofthebenchmarkloaninterestratepublishedbythePeople'sBankofChinainthecorrespondingperiod.IfthePeople'sBankofChinaadjuststhebenchmarkloaninterestrateduringtheperiod,then,sincethetimethatthecontractloaninterestagreedinthepresentcontractisadjusted,thenewcontractloaninterestratewillbeexecutedafterthefloatingaccordingtotheabovesaidfloatingproportiononthebasisofthenewloanbenchmarkinterestrate.Therein,monthlyinterestrate=annualinterestrate/12,dailyinterestrate=annualinterestrate/360,andtheinterestrateperperiod=annualinterestrate×thenumberofthemonth(s)ofeachperiod/12.Iftheborrowerneedstocontinueadoptingthefixedinterestratetocalculatetheinterest,thentheborrowershallproposeaseparateapplicationtothebank.IfthebenchmarkloaninterestrateregulatedbythePeople'sBankofChinaisadjustedduringtheperiodofexecutingthefloatinginterestrate,thenthecontractinterestrateshallbeadjustedaccordinglyaspertheS2.4A–3–6method:□Adjustmentbyyear,andinterestaccrualbystage.Thatis,thenewinterestratewillbeexecutedaccordingtothebenchmarkloaninterestrateregulatedbythePeople'sBankofChinaaswellasthefloatingproportionstipulatedunderthepresentcontractasofthefirstcalendardayofthenextcalendaryearaftertheinterestrateadjustment.□Nointerestrateadjustment,andnointerestaccrualbystage.□Others:S2.4A–3–62.5Iftheborrowerfailstorepaytheloanprincipalandinterestofthecurrentperiodinfullonscheduleasrequired,itwillberegardedasoverdue,andthelenderwillhavetherighttochargepenaltyinterestinaccordancewiththerelevantprovisionsofthePeople'sBankofChina(seealsotherelevantcontentsofArticle12ofthepresentcontract).Article3Conditionsontheborrower’sMoneyWithdrawal3.1Unlessagreedbythelender,thelenderwillhavenoobligationtoreleasetheloanunderthecontracttotheborroweruntilthefollowingconditionsarefullymetandsatisfactorytothelenderintermsofformandcontent:3.1.1Theborrowerhassubmittedallthedocumentsanddataasrequiredbythelenderandobtainedtheapprovalofthelender.3.1.2Thepresentcontractanditsrelevantannexeshavebeenlegallysignedandenteredintoforce.3.1.3Theguaranteerightsorsimilarpriorityrightshavebeenlegallyestablishedandenteredintoforce(ifany):fortheloanguaranteedbymeansofmortgage,itsinsuranceandmortgageregistrationprocedureshavebeencompleted,andthecollateralregistrationvoucher,ownershipvoucher,mortgagerightvoucher/otherrightvoucher,andinsurancepolicyoriginalcopyhavebeendeliveredtothelenderforpossession;fortheloanguaranteedbymeansofpledge,thepledgeobjecthasbeendeliveredtothelenderforpossession;forthepledgeactrequiringhandlingwithregistrationproceduresaccordingtothelaw,theregistrationhasbeencompleted.3.1.4Acompulsorynotarizationhasbeenprocessedbythenotarizationofficeapprovedbythelenderforthepresentcontractandtheguaranteedocumentsrelatedwiththepresentcontractaswellasotherfiles(ifthelenderrequires).3.1.5Theborrowerhasopenedabankaccountformoneywithdrawal,interestpayment,expensepayment,repaymentandetc.asrequiredbythelender.3.1.6Otherconditionsproposedbythelender.3.2Notwithstandingtheprovisionsoftheprecedingparagraph,theestablishmentoftheaboveconditionsformoneywithdrawaldoesnotrepresentthatthelendernecessarilyhastheobligationtoreleasetheloanwhentheaboveconditionsaremeet.Thelendermaysuspend,andreduceorcancelthereleaseoftheloanandnoticetheborrowerunderthecircumstancesthatthelenderneedstoadjustandincreasetheconditionsfortheloanreleaseaccordingtoitsownlimitsduetothechangesoflaw,rulesandregulationsaswellaspoliciesortherestrictionsofthegovernment’smacrocurrencypoliciesorfinancialregulatorypoliciesorthatothermajorincidentchangeoccurs;andmoreover,ifthelenderreleasetheloanwhentheabovesaidconditionsarenotfullymet,itwillnotconstituteadefectofthelender’sperformanceofcontract.Article4LoanReleaseandPayment4.1TheborroweragreesthelendertopaytheloanmoneyaccordingtothepaymentmethodofS4.1A:□4.1.1MethodofpaymentbythelenderuponauthorizationItmeansthatthelenderpaystheloanmoneytotheborrower’stransactionobjectswhicharecompliantwiththepurposeagreedinthepresentcontractaccordingtotheborrower'sapplicationformoneywithdrawalrequestandpaymentauthorization.ThespecificloanpaymentprovisionisS4.1A–1:□Theborrowerhasopenedaspecialaccountforloan.Theborrowerauthorizesthelendertotransfertheloanmoneytothespecialaccountforloanopenedbytheborrowerattheplaceofthelenderwhentheconditionsforloanreleasearemet.TheaccountNo.ofthespecialaccountisS4.1A–1–1.Theabovesaidtransferactofthelenderisthemoneywithdrawaloftheborrower.Theborrowercanonlytransfertheloanmoneyunderthepresentcontractinthespecialaccountforloan,totheaccountofitstransactionobjectthattheborrowerappliesfortothelenderunderthepresentcontractandsupplementarychangeagreementandthelenderapprovesandagreestobindwiththespecialaccountforloanpayment.Iftheborrowerhasnotyetdeterminedtheinformationonthebindingpaidtransactionobjectwhenenteringintothepresentcontract,orneedstochangetheinformationonthebindingpaidtransactionobjectafterenteringintothepresentcontract,theborrowershallspecifyitbysigningasupplementalagreementoralterationagreementwiththelender.Theamountthattheborrowertransferstoanybindingpaidtransactionobjectshallconformtotheagreementbetweenthebothparties,andtheentiretotalamountthattheborrowertransferstoallthebindingpaidtransactionobjectsshallnotexceedthetotalloanamountofthepresentcontract.Theborroweragreesthat,accordingtotheprovisionsandrequirementofthelender,theborrowershallusetheloanmoneywhichwillnotbeusedanymoreinthespecialaccountforloantomakeearlyrepaymentoftheloanunderthecontract.Whenthepresentcontractisenteredinto,theinformationonthetransactionobjectwhichisboundwiththespecialaccountforloanpaymentisasfollows:(1)ThenameofthetransactionobjectisS4.1A–1–2,anditsaccountNo./passbookNo./cardNo.isS4.1A–1–2,itsaccountbankisS4.1A–1–2,anditspaymentamountshallbenotmorethan(currency&amount)S4.1A–1–2;(2)ThenameofthetransactionobjectisS4.1A–1–2,anditsaccountNo./passbookNo./cardNo.isS4.1A–1–2,itsaccountbankisS4.1A–1–2,anditspaymentamountshallbenotmorethan(currency&amount)S4.1A–1–2;(3)ThenameofthetransactionobjectisS4.1A–1–2,anditsaccountNo./passbookNo./cardNo.isS4.1A–1–2,itsaccountbankisS4.1A–1–2,anditspaymentamountshallbenotmorethan(currency&amount)S4.1A–1–2;(4)S4.1A–1–2.□Theborrowerhasnotopenedaspecialaccountforloan.Theborrowerauthorizesthelendertotransfertheloanmoneytotheaccountsofthefollowingtransactionobjectswhichconfirmtothepurposeagreedinthepresentcontractwhentheconditionsforloanreleasearemet.Thepaymentconditionisthattheborrowerofferstransactioncontractsorotherrelatedtransactionmaterialsandcertificatesandthelenderexaminesandapprovesthem.Theactthattheborrowerauthorizesthelendertopaytheloanmoneytotheaccountsofthefollowingtransactionobjectsmeanstheborrower’spaymentauthorization.Theabovesaidpaymentactofthelenderisthemoneywithdrawaloftheborrower:(1)ThenameofthetransactionobjectisS4.1A–1–2,anditsaccountNo./passbookNo./cardNo.isS4.1A–1–2,itsaccountbankisS4.1A–1–2,anditspaymentamountshallbenotmorethan(currency&amount)S4.1A–1–2;(2)ThenameofthetransactionobjectisS4.1A–1–2,anditsaccountNo./passbookNo./cardNo.isS4.1A–1–2,itsaccountbankisS4.1A–1–2,anditspaymentamountshallbenotmorethan(currency&amount)S4.1A–1–2;(3)ThenameofthetransactionobjectisS4.1A–1–2,anditsaccountNo./passbookNo./cardNo.isS4.1A–1–2,itsaccountbankisS4.1A–1–2,anditspaymentamountshallbenotmorethan(currency&amount)S4.1A–1–2;(4)S4.1A–1–2.Iftheborrowerisnotyetabletodeterminethespecifictransactionsobjectinformationwhensigningthepresentcontract,thentheborrowershallfileanApplicationFormforPaymentbytheLenderuponAuthorization(seetheannexforitsformat)tothelender3workingdayspriortothepaymentdateaftertheconclusionofthepresentcontract,andthelenderwillpaytheloanmoneytotheborrower’stransactionobjectsaccordingtotheamountappliedforpaymentaftertheexaminationandapprovalofthelender.Thepaymentconditionisthattheborrowerofferstransactioncontractsorotherrelatedtransactionmaterialsandcertificatesandthelenderexaminesandapprovesthem.Theactthattheborrowerauthorizesthelendertopaytheloanmoneytotheaccountsofthefollowingtransactionobjectsmeanstheborrower’spaymentauthorization.Theabovesaidactofthelender’spaymenttotheborrower’stransactionobjectsaccordingtotheborrower’sapplicationforpaymentisthemoneywithdrawaloftheborrower.□4.1.2MethodofpaymentbytheborrowerhimselfItmeansthatthelenderdirectlyreleasestheloanmoneytotheborrower'saccountaccordingtotheborrower’sapplicationformoneywithdrawalandthenthemoneywillbepaidbytheborrowerhimselftotheborrower'stransactionobjectswhichmeetthepurposeagreedinthepresentcontract.Thatis,theborrowerauthorizesthelendertotransfertheloanmoneytotheaccountNo./passbookNo./cardNo.S4.1A–2accountopenedbytheborrowerattheplaceofthelenderwhentheconditionsforloanreleasearemet,andthen,themoneywillbepaidbytheborrowerhimselftotheborrower'stransactionobjectswhichmeetthepurposeagreedintheloancontract.Theabovesaidtransferactofthelenderisthemoneywithdrawaloftheborrower.Theborrowerpromisesthat,theborrowerwillregularlyreporttothelenderorinformthelenderoftheinformationonthepaymentoftheborrower’sloanmoney.4.2Ifthelenderstillcannotreleasetheloanunderthepresentcontractuponexpiryof90daysafterthesignatureofthiscontractduetothereasonsoftheborrower,thelenderwillhavetherighttounilaterallyterminatethisloancontract.4.3Anydisputeswithothers,arisingoutoftheborrower’susingtheloanmoneyafterthereleaseoftheloan,willhavenothingtodowiththelender,andthisloancontractshallbenormallyexecuted.Article5Repayment5.1Therepaymentmethodis:S5.1A:Fortheloanperiodislessthanoneyear(inclusiveofoneyear),oneofthefollowingrepaymentmethodscanbeselected(pleaseselectitbytickingtheappropriatebox):□Repaymentoftheprincipalandinterestinalumpsumuponitsexpiry,withtheinteresttobepaidofftogethertheprincipal(seeArticle2ofthepresentcontractforthemethodforinterestcalculation).□Repaymentofinterestbyinstallment,andrepaymentoftheprincipalinalumpsumuponitsexpiry(interestperperiod=theremainingloanprincipalatthebeginningoftheperiod×interestrateperperiod).□Otherrepaymentmethod:S5.1AThe"period"intheaboveformulareferstotheS5.1A–1month(s)(forexample:iftherepaymentismadeonscheduleonthebasisoftakingevery2monthsasaperiod,thenhereshallbefilledinwith“2”,andthenumberfilledinshallnotbemorethan12months);therepaymentdateofeachperiodisS5.1A–2.Fortheloanperiodismorethanoneyear(exclusiveofoneyear),oneofthefollowingrepaymentmethodscanbeselected(pleaseselectitbytickingtheappropriatebox):□Adoptthemethodofmatchingtherepaymentofprincipalandinterest.Theamountofrepaymentofprincipalandinterestforeachperiod=loanprincipal×interestrateperperiod+loanprincipal×interestrateperperiod÷[(1+interestrateperperiod)totalrepaymentperiods–1]□AdoptthemethodofmatchingtheprincipalrepaymentTheamountofrepaymentofprincipalandinterestforeachperiod=loanprincipal÷totalrepaymentperiods+(loanprincipal–theaccumulativerepaidprincipalamount)×interestrateperperiod□Otherrepaymentmethod:S5.1A The"period"intheaboveformulareferstotheS5.1A–1month(s)(forexample:iftherepaymentismadeonscheduleonthebasisoftakingevery2monthsasaperiod,thenhereshallbefilledinwith“2”,andthenumberfilledinshallnotbemorethan12months);therepaymentdateofeachperiodisS5.1A–2.5.2Theborrowerwhorepaystheloanbyinstallmentshallstartrepaymentfromtheagreedrepaymentdateofthenextmonth(theGregoriancalendar)aftertheactualreleaseoftheloan.Thespecificcalculationmethodfortheinitialloanrepaymentinterestofthenextmonthaftertheactualreleaseoftheloanisasfollows:ifthedaysofactualoccupationoftheloanduringtheperiodfromthedateofactualreleaseoftheloantotheagreedrepaymentdateofthenextmontharelessthanoneperiod,thentheinitialloanrepaymentinterestwillbedeterminedbythedaysofactualoccupationoftheloanaccordingtothemethodforinterestcalculationinArticle2.2ofthepresentcontract;ifthedaysofactualoccupationoftheloanduringtheperiodfromthedateofactualreleaseoftheloantotheagreedrepaymentdateofthenextmontharemorethanoneperiod,thentheinitialloanrepaymentinterestwillbecalculatedrespectivelyaccordingtotheinterestrepayableforoneperiodandtheinterestrepayableforthepartofthosewhicharemorethanonperiod;therein:theinterestrepayableforoneperiodshallbecalculatedinaccordancewiththeagreedrepaymentmethod,andtheinterestrepayableforthepartofthosewhicharemorethanonperiodshallbedeterminedbythedaysofactualoccupationoftheloanaccordingtothemethodforinterestcalculationinArticle2.2ofthepresentcontract;ifthedaysofactualoccupationoftheloanduringtheperiodfromthedateofactualreleaseoftheloantotheagreedrepaymentdateofthenextmonthareequaltooneperiod,thentheinitialloanrepaymentinterestwillbedeterminedbytheinterestrepayableforthecurrentperiodcalculatedaccordingtotheagreedrepaymentmethod.5.3Theborrowershall,beforethezeroclockofeachdateofrepaymentofprincipalandinterestagreedinthepresentcontract,deposittheloanprincipalandinterestinfullintotheloanrepaymentaccount(settlementaccount)openedbytheborrowerattheplaceofthelender.ThebankcardNo.orall-in-onecurrentaccountNo.oftheloanrepaymentaccountisS5.3A.Theborrowerherebyirrevocablyauthorizesthelendertowithholdthedueloanprincipalandinterestrepayablefromthesaiddepositaccountonitsowninitiative.5.4Ifrequiringtochangetheloanrepaymentaccountduringt