When you get a loan on our platform, you pay an Origination Fee in an asset of your choice: it’s either our native token (CLT) or your loan currency. If you select a loan currency, it’s a 1% fee of the overall principal amount. With CLT, you have a 50% discount, which is based on the current CLT market value.
Origination Fee types — Web platform
Note: If you select CLT as an origination fee for a loan and have insufficient CLT balance, the platform will automatically deduct an equivalent amount in loan currency from your loan principal.
Do I have to pay any other fees except for Origination Fee?
No, you only make your monthly payments and final payment. You can also use the Partial Loan Repayment feature — please refer to our article about the loan repayment methods. No fees are charged for any of these options.
Are there any penalties for early repayment?
No, there are no penalties for early repayment.