To repay your loan and unfreeze your collateral amount, go to My Loans page. Find the loan you want to pay for and click on the REPAY LOAN button.
You will see a pop-up with the loan payment options. In this article we're going to discover how to pay-off your loan using the Bank Wire option.
By choosing "Bank Wire," a pop-up window appears with the bank details that you'll need for sending the payment (this could be a whole loan balance or a fraction of it).
Copy the details to your online bank portal and execute the transfer. Typical estimation time is 24 hours for EUR (SEPA) transfers and up to 5 days for USD (SWIFT). The commission on incoming bank transfers is 0%.
Please note, that you will need to contact the support team via chat (or email [email protected]) about your transfer. Also, don't forget to include your email and loan ID in the payment reference field.
Your transaction will appear in the Transaction History and charged to your loan balance right after we receive payment on our bank account.
Congratulations! You paid your loan using Bank Wire.