Updated October 28, 2016. Exterior walls can be finished with a wide array of materials and techniques. Exterior wall finishes can produce significant savings for the contractor as well as for the building occupant and there are many options that will protect you from fire, heat, snow and that can save some money to you.
When Is Penalty Interest Payable? Penalty interest is payable when money is due, but is not paid by the due date. This means that late payment of deposit or late payment of the balance of the purchase price at settlement will usually give rise to an obligation to pay penalty interest.
Interest Charge Explanation. The annual interest charge from 28th October 2015 is 22.9% (variable). Interest is added to your account when a statement is produced at the annual interest rate of 22.9%, if you have not paid the full balance detailed on a statement by the due date shown. The amount of interest charged, is worked out in 2 parts: