At Nexo, we believe in giving you the flexibility to structure your finances according to your own needs. That is why minimum repayment is not required.
You are free to choose how you repay your loan -in crypto, in fiat or a combination of both.
Interest is charged daily at 00:00 CET on the outstanding balance and is debited from your available loan limit. In other words, interest is added daily to your outstanding balance.
You can repay some or all of your loan early at any time, and you could save on interest as you only pay interest for the days you borrow.
Please note that if you repay a loan within 30 days of the last withdrawal, you will be charged interest for the full 30 days. Repayments will be used to cover the earliest loan withdrawals and to pay off interest before the principal.