Help Centre
Paying off your Stockist Financing early
Save on markup when you repay before the end of the period
If you sell through your stock faster than expected, you can repay early. Avenews rewards you with a partial refund of the markup that has not yet built up.
How the reward works
When you pay early, you save 50% of the markup that has not yet built up at the time of repayment. The markup that has already built up by the day you repay is still owed in full.
Worked example
Say you drew KES 200,000 on a 60 day Stockist Financing term. The total markup at 60 days would be KES 25,200. If you repay the whole Funds Request on day 30:
Markup that has built up over 30 days: KES 12,600
Markup that has not yet built up for the remaining 30 days: KES 12,600
Reward: 50% of the unbuilt markup, which is KES 6,300
You repay KES 200,000 plus KES 12,600 plus KES 6,300, which is KES 218,900
Paying an installment early
If you want to pay one installment early instead of the whole Funds Request, the reward applies to that installment only. The other installments continue on their schedule.
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.