You can pay off your loan at any time before the due date. Here is how, and exactly what you will pay.
How to pay off your loan
Open your property page. While the loan is open you will see an Under Loan card showing your Total Due, the due date (By), and your APR.
Click Pay Off Loan.
Choose how to pay. The options work like a purchase: pay with the USDC in your account (a stablecoin, a digital dollar that always equals $1) or pay from your bank account.
Confirm the payment.
One important timing note: bank payments take a few business days to clear, and loan due dates have no grace period. If your due date is close, pay from your account balance instead of your bank, or start the bank payment well ahead of the deadline. When in doubt, message us through the chat bubble and we will help you pick the fastest path.
When the payment completes, your property has been returned to your account. The token comes back automatically, and you can transfer, remove, or borrow against the property again.
What you actually pay: check your loan type
Be careful here, because loans differ and we want you to know before you pay:
Prorated loans charge interest only for the time that has actually passed. If your loan card shows an IF PAID NOW figure, that is exactly what you would pay today, and paying early saves you money.
Fixed-term loans owe the full repayment amount no matter when you pay. Repaying early gets your property back sooner, but it does not reduce the cost.
Your loan card tells you which kind you have. If there is no IF PAID NOW figure, assume the full amount is owed.
Don’t cut it close
There is no grace period at the due date. If the loan is not fully repaid by then, it defaults. Set your own reminder well before the deadline. We send reminder emails, but emails can land in spam, and the responsibility to repay on time is yours. See “What if I can’t repay my loan by the due date?” in this collection for what happens after a default.
If you get stuck, open the chat bubble in the corner and we’ll help.
Learn more:Pool lending