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If you can repay early, you save money. Every Avenews product gives you a reward when you settle a Funds Request before the end of its period. The size of the reward depends on the product.

What you get back

• Agri Credit Line: 50% of the markup that has not yet built up

• Agri Buyer Financing: 50% of the markup that has not yet built up

• Stockist Financing: 50% of the markup that has not yet built up

• Agri Supplier Financing: 100% of the markup that has not yet built up

• ASF Express: 100% of the markup that has not yet built up

What does "not yet built up" mean

The markup is calculated for every day the money is in your hands. The markup that has already counted up to the day you repay is called the markup that has already built up. The markup that would have counted for the rest of the period is called the markup that has not yet built up. Early repayment rewards apply to the part that has not yet built up.

Worked example for ASF (100% reward)

Say you drew KES 850,000 for 30 days. Total markup at 30 days would be KES 43,350. If you repay on day 20:

• Markup built up over 20 days: KES 28,900

• Markup not yet built up for remaining 10 days: KES 14,450

• Reward: 100% of KES 14,450, which is fully waived

• You only pay the principal plus the KES 28,900 that has already built up

Worked example for ACL (50% reward)

Say you drew KES 100,000 for 30 days. Total markup at 30 days would be KES 8,920. If you repay on day 15:

• Markup built up over 15 days: KES 4,460

• Markup not yet built up for remaining 15 days: KES 4,460

• Reward: 50% of KES 4,460, which is KES 2,230

• You pay KES 100,000 plus KES 4,460 plus KES 2,230, which is KES 106,690

How to repay early

Contact our team or use the portal to ask for an early settlement quote. We will tell you the exact amount to pay so you get your reward correctly.