If it is not defined in the contract, the loan interest rate. But the lender and the borrower agree that interest will be charged for the loan. In this case, the law requires that 7.5 percent thought per year.
The case does not set the interest rate on the loan agreement. But the lender and the borrower agreed to the interest charged on such loans. This law requires that a rate of 7.5 percent per year.
The case did not set the interest rate on the loan contract. But the lender and borrower agreed to a buyout of such interest. This case law thinking 7.5 percent per year.