After taking a loan, you will be redirected to the Loans page where your loan appears. In this article, we will discover all information displayed on the Loan widget.
On the left side, you'll see all the necessary information regarding your loan:
Loan status. This badge is ACTIVE when your loan term countdown has begun. In some cases, it could be PENDING, e.g. when your loan needs to be approved manually (e.g. amount larger than 15,000 USD, etc.);
Loan ID number. Unique loan identifier. You may be asked for this number by our support during the troubleshooting process;
Loan estimation. "Pay-off until" shows how many days you have to repay the loan;
Collateral amount. This is the amount of your crypto which is reserved as collateral;
Actual loan balance. This is the total debt you need to repay to get back your crypto;
Current collateral price. Here you can find the current price of your collateral coin and the difference from the initial price level in percent;
Price down limit. At this level, your loan will forcibly be closed. You will get an email and SMS notifications once the price goes down by half of this gap;
Download Agreement. By clicking this you will download your personal loan agreement in PDF (also was sent to your email right after taking a loan).
By clicking the Detailed view button, you will also see additional information, such as:
Loan amount. This is the actual amount of funds you get on your fiat wallet after getting an actual loan;
Loan-to-value. This is tariff information describes which part of your collateral value was sent to you as cash;
Interest. This is the actual loan cost added to the loan amount. Interest + Loan amount = Loan balance you need to repay.
On the right side, you can see available options which could be applied to your loan:
Repay loan. Click this button to see the loan repayment options;
Set close price. Allows to set a comfortable loan auto closing price (Take Profit);
Get more. Allows getting more borrowed funds using the loan collateral;
Extend PDL. Allows adding more cryptocurrency to the collateral to change the price down limit (PDL) on the current loan;
Reopen. Allows keeping your loan open as long as you want;
Close now. Allows using your collateral market value for the loan repayment.