Repayments of any given loan are made up of three components – principal, interest, and fees. The order and sequence in which these components are repaid is determined by the amortization method. On Mintos, the following amortization methods exist:
Loans with full amortization are paid off completely by the end of their term through regular, periodic payments of both principal and interest.
Loans with partial amortization are repaid in periodic payments of both principal and interest, but the loan principal does not amortize fully over the course of its term, and the remaining principal amount is repaid with a balloon payment at the end of the term instead.
Loans with interest-only amortization receive periodic payments of interest only, while the principal amount does not amortize over the course of the loan’s term and is due at the end of it.
Loans with bullet amortization are paid off through one balloon payment of principal and interest at the end of the loan’s term.
The amortization method of each loan can be viewed on the loan details page and the corresponding Set of Notes details page. The amortization method filter is also available for custom manual investments and Mintos Custom portfolios and on the Portfolio page.