If your interest payment is received on or after the 16th of the month, you will be charged a fee calculated as 5% of the late amount or $250.00, whichever amount is greater.
What if I am late on paying my interest?
If your interest payment is received on or after the 16th of the month, you will be charged a fee calculated as 5% of the late amount or $250.00, whichever amount is greater.