What is the difference between Additional interest charges and Finance charges?



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Hi Binny,

What is the difference between Additional interest charges and Finance charges? Or what are the components of "Finance Charges"?

Regards,
Ayan

2 Answer(s)


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Ayan, Typically interest charges are a part of Finance charges. Here is the definition of Finance Charges from Dominos filings - "The finance charges incurred by us include interest charges payable by us on debentures, term loans and other liabilities/borrowings, hire finance charges, loan processing fees, prepayment charges, bank
charges and other financial charges such as cash collection charges."

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