April 29, 2022
The amount of interest on the investment the investor is entitled to is calculated from the time and amount of the investment. The investor becomes entitled to the interest payment for the period until the next repayment date according to the repayment calendar. For example: The investor invested in a loan on 10 June 2017 and the repayment date is every 20th day of the month. In June, the investor is entitled to interest for 10 days of holding the investment. From the following month, the investor is entitled to the full amount of interest according to the amount of principal held, as they will have been holding the investment for the entire period between two repayments.
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