Does the creditor have the right to charge interest for the use of loan during martial law?
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Yes, the lender has the right to charge interest on the use of credit funds even during martial law.
- Interest is accrued on the terms and conditions specified in the loan agreement.
- Increasing the interest rate is prohibited, unless expressly provided for in the terms of the agreement.
If you are in doubt as to the correctness of the interest accrual, you are advised to contact the bank for clarification or legal advice.
