How is the day of the interest rebate calculated?

Interest rebate is calculated on a pro-rata basis if your GoFlexi Personal Instalment Loan is not held for the entire calendar month. This will occur if the Loan drawdown date or early repayment date does not fall on the 1st of any calendar month.
For example:
- Drawdown date not on the 1st: If a customer draws down his/her loan on the 5th January, then the Applicable Deposit Balance# will be calculated pro-rated from the 5th January (i.e. 5th to 31st January). The Interest Rebate will be credited on or before the 15 working days of February.
- Early repayment date not on the 1st: If a customer early repays on the 10th of January, then the Applicable Deposit Balance# will be calculated pro-rated from the 1st to 9th January. The Interest Rebate will be credited on or before the 15 working days of February.
#Applicable Deposit Balance of a calendar month shall be the monthly average of the day-end available balances of your Core Account in HKD for each day in the respective calendar month (balances of any other currencies in your Core Account are not included) capped at 50% of the outstanding amount of your GoFlexi Personal Instalment Loan of that calendar month.

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