Crypto loans
I’m interested in crypto loans but I have a question.
When the collateral is locked and it’s already the repayment date, then will I get the ability to sell the collateral and repay the borrowed amount or I must already have the borrowed amount plus the interest in hands in order to get back the collateral?
You need to pay what you borrowed and the interest before your collateral is unlocked again. You can pay before end date and you can also pay lesser than the hole amount and then a calculated amount of your collateral is unlocked before.
Hello there.When you have a loan with collateral, enter the repayment amount and choose “Repay With Collateral”. Check the “interest repaid”, “principal repaid”, “total repayment”, “LTV after repayment”, and “returned collateral amount”. Click “Confirm repayment”.More information you can find on these pages:[https://www.binance.com/en/support/faq/binance-crypto-loans-user-manual-360041278132](https://www.binance.com/en/support/faq/binance-crypto-loans-user-manual-360041278132)[https://www.binance.com/en/support/faq/what-is-binance-crypto-loans-and-frequently-asked-questions-360041277432](https://www.binance.com/en/support/faq/what-is-binance-crypto-loans-and-frequently-asked-questions-360041277432)And if you have any difficulties, please, let us know [https://www.binance.com/en/chat](https://www.binance.com/en/chat)
VG