What does early repayment by the Borrower mean to me as an investor?

When this happens, your principal and prorated nett interest will be paid back to you ahead of schedule. Prorated nett interest means that instead of receiving full interest based on the original Deal tenure, interest will only be paid up to the date of redemption.

 

For example, if the Deal you invested in has a tenure of 12 months, but early repayment is made on the 15th day of the 8th month, you will in total receive your principal and the additional interest of 1) monthly nett interest for 7 months and 2) prorated 15 days of interest in the 8th month.

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