Is there a penality for prepaying a loan?

No, there is no prepayment penalty. 60% of the unearned interest will be given back to the borrower in case of full payment before maturity.

Is it possible that the repayment period be more than three years?

Every file is taken as a unique case, so it is up to the credit committee to decide according to the given amount, the personal & financial conditions of the borrower. 

Will I need a personal guarantor to apply for a loan?

A second signature is necessary for all kind of loans.


When will my first monthly payment be due?

Your first payment will be due upon your request.


Should the payments be always on a monthly basis?

No, it can be managed with the economic sector of the borrower.