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The interest-only period is a feature that allows you to delay the start of principal repayments. During this time, you're only required to make interest-only payments towards the mortgage, providing temporary cash flow relief.

This option can be applied in all cases involving property purchase or refinancing. You can select the interest-only option during the application process on the pre-approved offer screen. This option is only visible if you're eligible for the interest-only term.

Selecting this option will increase the repayments after the deferred payment period.

You can select a term up to 12 months. We may adjust the final selected duration during the assessment. The final approved term will be visible on the binding offer screen and on the Mortgage Loan Agreement.

During this period, your payments only contribute to the accrued interest. These payments do not reduce the principal loan amount, which remains the same until the standard repayment period begins.

The period begins on the date of the first loan disbursal and is scheduled to end on a regular repayment date.

The system automatically adjusts the repayment schedule using an interest-only period calculation mechanism. This ensures that you satisfy only the interest accrued on the disbursed funds during the agreed period.

You can always make additional payments towards your loan during this period in the Revolut app.