Repaying early: how much you can save

We charge no extra payments or fees for repaying microcredit early. Interest is charged only on the principal still owed, so closing the loan early saves money directly.

Example: 10,000,000 soum, 12 months, 4% a month. Paying on schedule, the interest totals 2,600,000 soum. In the first 6 months you pay 1,900,000 soum of interest and 5,000,000 soum of principal is left.

If in month 6 you also pay off the remaining 5,000,000 soum, the interest for the next 6 months, 700,000 soum, is not charged. The loan costs 11,900,000 soum instead of 12,600,000.

Paying off part of the loan early helps too: the balance falls, and so does the interest for the months after.

If you want to repay early, call or visit the office beforehand: we will work out the exact balance and payment. The figures in the example are estimates; the exact calculation follows the contract.