In order to repay your loan, visit your account on account.moneytoken.com
- Click on loans button.
- Chose one of your active loans.
- Click on repay button.
1. The loan and the repayment amounts are fixed in their USD equivalent.
2. You can pay off the loan in any of the following currencies: USDT, DAI, BTC, ETH, BCH
3. You can pay off the loan using all or part of your collateral funds.
In the event that you agree to repay your loan using your collateral, the collateral amount equivalent to the repayment amount will be liquidated, and you will receive in return the remaining collateral.
You have several options to repay your loan:
1. Full loan repayment at the end of the loan term.
2. Early loan repayment.
You can repay your loan earlier using the early repayment option. In this case, you will be asked to pay back the total amount of the loan plus the interest amount only for the days that have passed from beginning of the loan term to the date of early repayment.
3. Extend your loan term and repay the loan later.
You can extend your loan if you want to push back the repayment to a later date, but be aware that the total loan term must not exceed 90 days.
If you extend your loan, the total repayment amount will increase. In consequence, the RtC ratio for the loan will be affected.
If the new RtC ratio is higher than 50%, you will be required to deposit additional collateral to stabilize your RtC ratio to 50%.