Question: Is it possible to repay the loan early and whether penalties are expected in that case?

Answer: In the majority of loans provided by UCO, full or partial repayment of the loan is made without charge of additional penalties and fines.

Thus, in case of full repayment of the loan, the borrower simply pays off the loan service and other fees, interest and balance of the loan principal, calculated on the payment date.

In case of premature partial repayment of the loan, first of all, the entire amount of the upcoming repayment settled by the repayment schedule is charged, and if the repayment exceeds that amount, the excess shall be directed to the repayment of the principal amount of the loan.

The Borrower may, at its sole discretion, make payments for future months provided by the repayment schedule.

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