How to repay your Primero loan
Repayment on a Primero Finance OÜ väikelaen follows a fixed monthly annuity — each instalment combines principal and interest per the amortisation schedule in your signed contract. Primero Finance OÜ (registry 12401448) collects payments; you are repaying a regulated consumer loan, not a brokerage or matching service.
Standard monthly payments
- Set up a standing order from your Estonian bank to the Primero Finance account shown on your schedule or invoice.
- Alternatively pay through the MyMogo app (ee.mogo.app) where in-app settlement is enabled for your contract.
- Align the debit date a few days before the contractual due date to absorb weekend and public-holiday banking delays.
- Enable payment reminders inside MyMogo when the feature is available for your profile.
Early repayment and partial prepayment
Finnish/Estonian consumer rules generally allow early principal reduction. Before sending a lump sum, request a written payoff balance in MyMogo or from customer service — interest accrual typically stops only from the date the lender confirms receipt, not from the day you initiate the transfer. Partial prepayments may shorten the term or reduce instalments depending on contract wording; read your standard information sheet.
Payment holidays and extensions
Prolongation or restructuring is not automatic — contact info@primero.ee or +372 698 8444 before the due date if income drops temporarily. Approval depends on lender policy and your payment history.
Late or missed instalments
Overdue payments may attract penalty interest and reminder fees specified in your agreement, a negative Creditinfo entry, and escalation to debt collection under Finantsinspektsioon rules. Finantsinspektsioon requires clear pre-contractual disclosure of all charge types — locate that section before signing.
Record keeping
Download monthly statements from MyMogo or request them by email. Keep bank transfer references until the contract shows zero balance. For settlement quotes: mogo@mogo.ee, +372 688 8200.
