When will my first payment be due?

This information comes directly from Nexo's help center

At Nexo, we believe in giving you the flexibility to structure your finances according to your own needs.

You can repay your loan at any time using crypto and stablecoins, as well as EURx, GBPx, and USDx.

For minimum loan repayments, please click here.

Interest is added to your outstanding balance daily at 00:00 CET.

You can repay some or all of your loan early at any time, and you could save on interest as you only pay interest for the days you borrow.

Important: Please note that loans repaid in less than 30 days are charged interest for the remainder of the 30-day period at the standard APR of 13.9% regardless of your loyalty tier. This is in order to prevent improper use of the Nexo Platform and to safeguard Nexo as a company, but more importantly, our clients and investors.

This information is also available on the Credit Line Repayment screen as seen in the sample screenshot below:

30-day_interest.png

Source: When will my first payment be due?
August 23, 2022
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