No, there are no fees or penalties for prepayment.
To make an early repayment, go to My Loans > Loan Details > Repayment Schedule, as on the screenshot below. Click on Repay Early if you want to make full repayment.
Whether you decide to repay the loan early or stick to the set loan schedule, the loan principal must always be repaid in full.
Here's how you repay interest:
- The interest of short-term loans (7 - 30 days) should be repaid in full if a borrower repays their loan early.
- If a long-term loan (2 - 36 months), a borrower pays interest for a period of use only.