If I choose to repay my loan before the scheduled deduction date, will I still be charged interest?
At Hela Pesa, we understand that some customers may wish to clear their loans before the scheduled deduction date. Here’s what you need to know:
Yes. Interest will still be incurred because Hela Pesa loans are offered at a flat rate. This means the total interest is calculated upfront at the time of borrowing and remains the same, regardless of when you repay.
Even though the interest does not change, repaying early is still a great habit. It helps you maintain a strong credit history and improves your eligibility for higher loan limits in the future.
Always ensure your repayment is made through the correct Hela Pesa channel to avoid delays in loan clearance updates.