Vantage returns the full economics of a loan in each firm quote. Store these fields with the quote and show them to the borrower before acceptance.

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Quote amounts

Interest is simple and prorated by elapsed time. It starts when the loan is disbursed and accrues on outstanding principal. Repayments cover accrued interest first, then fees already assessed, then principal.

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Worked example

For a ₦10,000,000 loan with a 1% origination fee and no payout fee: The borrower still owes the ₦10,000,000 gross principal plus accrued interest. The origination fee is collected by withholding it from the payout, so it is not added to the repayment balance.

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Early settlement

Read the loan immediately before sending payment. Use payoff_amount_ngn, which is the sum of total_owed_ngn and any applicable early_repayment_fee_ngn. The fee is assessed once when a payment settles the ordinary balance before maturity_at. At or after maturity, early_repayment_fee_ngn is zero. If the configured percentage is zero, early settlement has no fee.

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Liquidation

When liquidation executes, Vantage adds liquidation_penalty_pct to the loan’s outstanding debt and seizes collateral up to that claim. It does not calculate the penalty from the full collateral balance. Any remaining collateral follows the normal remainder release process.

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Locked terms

Fee percentages and amounts are frozen when a quote or direct application is created. Later platform setting changes affect new requests only. Top-ups use the fee policy locked on the parent loan. Any fee setting can be 0.