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

When this happens, your principal and prorated net interest will be paid back to you ahead of schedule. Prorated net 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 your Deal has a 12-month tenure, but is repaid early on the 15th day of the 8th month, you will receive:  

• Your principal amount;
• Monthly net interest for the first 7 full months; and 
• Prorated interest for the 15 days in the 8th month.