HOW DOES IT WORK?
Inbank Moki10 is a discount that allows you, when signing a 24–72 month consumer credit agreement, to choose: pay for your purchases over 10 months in equal installments with no extra cost, or follow a 24–72 month payment plan with smaller installments including interest and other fees. If you choose to pay with “Moki 10,” all 10 installments must be paid on time without delays. Otherwise, the 24–72 month payment schedule with interest will automatically apply.
For example, if you borrow €169.99 on a 24-month term, with “Moki 10” you would pay €16.90 per month over 10 months. However, if you fail to repay the full borrowed amount by the end of the “Moki10” discount period, you lose the discount, and the 24-month payment schedule applies with an annual interest rate of 36.9%, contract fee 0%, monthly contract fee 0%, APR 12.63%, total payable €190.97, and monthly installment €7.96.
Regardless of the option you choose, your monthly installment cannot be lower than the one specified in the 24-month schedule.