What is the interest rate on the loan?

1. The loan bears interest at the interest rate for deposits, hereinafter referred to as the base rate, determined on the basis of:

1) LIBOR rate for loans denominated / indexed in USD or CHF,

2) EURIBOR rate for loans denominated in / indexed in EUR,

3) WIBOR rate for PLN loans increased by the Bank's margin.

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2. The amount of the bank margin is specified in the Agreement and determined based on the Resolution of the Bank's Management Board on the interest on cash, credits and loans at the Bank.

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3. The interest rate changes in 3.6 or 12-month periods, counted from the date of signing the Agreement,

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4. In the event of a change in the interest rate, the Bank shall deliver to the Borrower and any Guarantors by ordinary letter a notice of the change in interest rates along with a new repayment schedule, informing at the same time about his right to terminate the Agreement within 14 days from the date of delivery of the notice. The Borrower may also collect the notification in person at the Bank.

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5. Interest is calculated on the amount of the loan used, expressed in the currency specified in the Agreement.

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6. In the case of a loan repaid in decreasing installments:

1) interest is charged for the actual period of use of the loan, from the date of repayment of the previous installment to the day preceding the date of repayment of the next installment,

2) it is assumed that a year has 365 or 366 days.

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7. In the case of a loan repaid in installments equal to:

1) the interest period is the month (30 days),

2) interest is calculated from the date of repayment of the previous installment until the day preceding the date of repayment of the next installment,

3) a year is assumed to be 360 days long.