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How much does ABCSI charge an interest on the amount borrowed?


admin

2024-05-23 14:44:48

  • The interest rate is 1.25 % per month + 12% VAT, which is subject to change without prior notice.
  • The amount of interest that you have to pay is calculated and accumulated daily based on the balance of the loan amount at the end of the day.
  • ABCSI debits the interest charges to your account at the end of each month.
  • You should monitor your account carefully to stay informed of the amount of interest you are being charged for your margin loan. Interest expense on a margin loan can materially reduce the rate of return on your investment.