No, there are no prepayment, origination or instalment fees.
You can repay your outstanding balance, in part or completely, at any time and save on interest since you only pay interest for the period you borrowed.
There is no minimum amount for repayments in FiatX currencies. For minimum amounts for cryptocurrencies please click here.
There are no instalment payments. You can make repayments at any time. Interest is added to your outstanding balance daily at 00:00 CET.
Important: Please note that loans repaid in less than 30 days are charged interest for the remainder of the 30-day period at the standard APR of 13.9% regardless of your loyalty tier. This is in order to prevent improper use of the Nexo Platform and to safeguard Nexo as a company, but more importantly, our clients and investors.
This information is also available on the Credit Line Repayment screen as seen in the sample screenshot below: