When you opt to borrow funds from Wirex Credit, it's important to understand the interest you'll be charged. Interest rates will vary based on the currency you choose to borrow.
Interest is accrued daily and calculated for the previous day. It's added to the outstanding balance each month, which should be repaid in full before or on the maturity date.
It's important to repay the borrowed capital and monthly interest before the maturity date to avoid liquidation of your collateral. Failing to repay the credit on time will result in the liquidation of your collateral.
In summary, it's crucial to be mindful of the interest rates and to repay the credit in full by the maturity date to ensure the security of your assets.