Fagura facilitates loans with terms of 1, 2, 3, or 4 years, which are repaid through a corresponding number of monthly payments. The repayment schedule follows the annuity method, meaning all monthly payments are equal and include the principal, administrative fee, and interest.
Example – Personal Loan (option available on Fagura.com - Republic of Moldova): a loan of 1,000 EUR at an interest rate of 12.4%, for a term of 12 months, will be repaid in 12 equal monthly payments of 94 EUR each. The 94 EUR monthly payment includes the principal, interest for that month, and administrative fee.
For a 2,500 EUR loan with a 24-month term at the same 12.4% annual interest rate, the monthly payment will be approximately 113 EUR.
Example – Business Loan (Legal Entity) (option available on Fagura.ro - Romania & Fagura.com - Republic of Moldova): for a 7,500 EUR loan over 24 months, with an annual interest rate of 14.9%, the monthly payment will be approximately 400 EUR. This amount includes the repayment of the borrowed capital, interest calculated for each month, and the administrative fee.
If the same loan is taken for 36 months, at the same interest rate, the monthly payment will be approximately 297 EUR. Each payment covers a portion of the loan amount, corresponding interest, and administrative costs.
Early Loan Repayment - Borrowers have the right to fully repay their loan before the due term without any additional fees. In this case, the investor will receive the full invested amount in their virtual account and can reinvest it manually or through the automated investment module.