In general, repayments of FS Bolt and Business Term Loans are made on a monthly basis via GIRO either on the 1st or 15th of every month.
For Invoice Financing, the Principal and Interest is only repaid at the end of the financing period when the debtor settles the invoice.
In some special cases to match the Borrower’s projected cash flows, there may only be Interest repayment with varying amounts of Principal repayments monthly.
After you have made your last repayment, the loan will be concluded and the loan account will be closed. Your user account will still remain accessible to you for future loan applications.