# Repayments When a borrower takes a loan through a pool, the repayment schedule defines how and when they repay the principal and interest. Our platform supports a **Fixed Repayment Structure**, where repayment terms are agreed upfront and remain consistent through the life of the loan. There are two common formats: *** #### **1. Bullet Repayment** In a bullet structure, the borrower repays the **entire principal at the end of the loan term**. Interest can be paid either: * **Periodically** (e.g., monthly or quarterly), or * **Along with the principal** at the end of the term **Best suited for:** Short-term loans or situations where the borrower expects a lump-sum inflow later (e.g., invoice or trade receivables financing). **Example:** * $100,000 loan for 12 months at 12% annual interest * Interest paid quarterly → $3,000 every 3 months * Principal repaid in full ($100,000) at the end of 12 months *** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.qiro.fi/products/qiro-marketplace/term-loans/repayments.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.