For investors, Fagura charges the following types of fees depending on the situation:
A service fee of 2.5% is owed by the Investor and is deducted from the payments received by the Investor (principal + interest) from repayments of Loans by Project Developers.
Similarly, a 2.5% Selling Commission through the Secondary Market is applied to the value of the sold investment and is withheld by Fagura at the time of money receipt into the account.
A 5% Collection Fee is owed by the Investor and is deducted from payments collected with a delay of more than 30 days. In this case, Fagura may be represented by third-party agents (lawyers, collection agents, executors) who act on our behalf to recover outstanding amounts, based on the mandate granted in accordance with the Terms and Conditions. The collection fee for problematic loans covers a portion of the collection costs. If the loan is sold to collection agencies, the collection fee is not withheld, and all funds go to the investor.
When borrowers don't pay on time, Fagura uses the best practices to bring the loan back to its good standing.
The amounts of these fees and charges are set out in the Terms and Conditions.