September 22, 2024

The amount of interest due on an investment is calculated based on the length of time and amount of the investment held. The interest entitlement always accrues until the due date of the repayment schedule. For example: an investor invested in a loan on 10 June 2023, the repayment date is the 20th of each month. For June, the investor is entitled to interest for 10 days of holding the investment, from the following month, the investor is already entitled to the full amount of interest according to the principal amount held, as the investment was held for the entire repayment period.

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