Charge items for auto loan business: 
 

1. Handling fee of repayment:

(1) Applicable to: Customers who make the prepayments

(2) Interest and charges: 5% of the undue principal at the time of Termination of Contract.

(3) Basis of charges: Automobile Loan Mortgage Contract

 

2. Interest

(1) Applicable to: Customers who make the loans

(2) Interest and charges: it is charged at the rate specified in the Loan Contract.

(3) Basis of charges: Automobile Loan Mortgage Contract

 

3. Default Interest

(1) Applicable to: Customers with overdue repayment

(2) Interest and changing standard: 150% of the loan rate applicable at that time. If the applicable loan interest rate at that time is 0, the default interest shall be charged at a rate not exceeding 0.05% per day. 

(3) Basis of charges: Automobile Loan Mortgage Contract

 

4. Collection of related expenses (including but not limited to expenses of trailer and transportation, legal costs, arbitration fees, public notices, expenses related to the service of judicial documents, execution fees, preservation fees, notarization fees, travel expenses, evaluation fees, auction fees and attorney fees, entrusting a third party for collection and the lender shall urge the borrower to fulfill the relevant expenses arising from the Contract on time)

(1) Applicable to: Customers with overdue repayment

(2) Interest and charging standard: It shall be charged at the actual amount incurred. 

(3) Basis of charges: Automobile Loan Mortgage Contract

 

Charge items for inventory financing business: 

1. Loan interest of single automobile 

(1) Applicable to: Financing dealer

(2) Interest and charging standard: It is based on the interest note for the loan. 

(3) Basis of charges: Dealer Financing Cooperation Contract

 

2. Default Interest

(1) Applicable to: Financing dealer

(2) Interest and charges: ① Where the distributor fails to repay the principal and interest of the relevant automobile loan according to the agreement, interest shall be charged on the principal of the relevant automobile loan at the default interest rate of 50% in addition to the loan interest rate agreed in the corresponding interest note from the overdue date. ② Where the distributor misappropriates the automobile loan under the credit line or does not use it for the purpose specified in the relevant agreement, the distributor shall, from the date of misappropriation, charge interest on the principal of the relevant automobile loan at the loan interest rate agreed in the corresponding interest note plus a penalty interest rate of 100% on the basis of the number of days of use in default. 

(3) Basis of charges: Dealer Financing Cooperation Contract

 

3. Collection of related expenses (including but not limited to expenses of announcement, service, appraisal, attorney fee, legal costs, travel costs, appraisal fees, auction fees, property preservation expenses, enforcement fee, etc.)

(1) Applicable to: Distributor with overdue repayment

(2) Interest and charging standard: It shall be charged at the actual amount incurred. 

(3) Basis of charges: Dealer Financing Cooperation Contract

 

Instruction: The above interest and charging items are the latest published and currently in effect by Fortune Auto Finance Co.,Ltd. The Company shall have the right to make adjustments from time to time according to the actual business conditions. The actual applicable rates for customers who enter into relevant agreements with the Company at different times may differ from the above-mentioned list standard. Please refer to the Automobile Loan Mortgage Contract and the Dealer Financing Cooperation Contract.