When you borrow any amount from Wirex Credit, you will incur a monthly interest, which depends on the cryptocurrency collateral you choose.
This interest is accrued on a daily basis, calculated on the next day for each previous day.
The capital borrowed should be repaid before or on the maturity date along with accrued monthly interest in full.
The credit will be closed once the borrowed amount and monthly interest are repaid.
The credit will be liquidated in the case when the credit is not repaid on time.