With the MODULO option, you have the possibility of modifying your repayment as from the second year of your tenure. You can increase the amount of your monthly payment each year and thus reduce the total cost of the loan with a shortening of its initial term.
Advantages
• You are in control of your loan
• The loan repayment adapts to your professional situation (increase in your income or additional source of revenue.)
• By increasing your monthly repayments, you reduce the term – and the cost – of your loan.
Example: you borrow Rs 3 million over 30 years at 5.20% per year. With an annual increase of 2% in your monthly repayments, you will save up to Rs 664,670 thanks to this formula and you will repay your loan in 21 years instead of 30 years.
Our Key Strengths
