Payment

When do I need to repay the fee?

SPs can borrow FIL from GLIF for as long as necessary. Whenever SPs are done with their borrowed FIL, they can pay the fee back to GLIF anytime, with no due dates or early repayment penalties.

How are repayments managed in terms of interest and principal?

Payments are applied to the interest balance first, then to the principal balance.

How can SPs earn GLIF points?

SPs earn GLIF points each time they make a payment, which encourages regular and timely repayments.