Loan Payback
Last updated
Was this helpful?
Last updated
Was this helpful?
To re-access a locked collateral, borrowers are required to pay back their outstanding balance on a loan. Outstandings can be paid back in proportions or at once to unlock a percentage of the collateralized asset.
A quick walk through on how to pay back an outstanding balance on a borrow loan:
Click on the Payback button at the loan box section to pay back a loan.
User will be prompted to input the Percentage of the Outstanding you're will to pay back, Input and Confirm payback.
On Paying back a loan user, can go to Loan's vault to claim unlocked collateral by clicking on the Unclaimed Collateral button.
Click the Claim button to claim collateral unlocked.
