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 are no minimum amounts of repayments in fiat 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.
Please note that if you repay a loan within 30 days of the last withdrawal, you will be charged interest at the standard APR of 11.9% for the full 30 days regardless of your current loyalty level. 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.