Close loan
Last updated
Last updated
Closing your loans on defi.money can be done at any time, and can be found by going to the MARKETS page and connecting your wallet to the same network you have ongoing loans, and selecting the asset you have a loan with. You can also filter by BORROWED.
When you select the asset you have an ongoing loan with, you should see an ADJUST LOAN and a CLOSE LOAN button. Click on the CLOSE LOAN button to navigate there.
You should then see the CLOSE LOAN page. It tells you how much you need to close the loan, how much collateral you would receive back, and the current amount of $MONEY in your wallet.
After verifying that everything looks correct, to close your loan, simply click the CLOSE LOAN button and follow the steps in your wallet. After that is confirmed, you are done!
If you do not have enough $MONEY available to close the loan fully, the page will let you know how much $MONEY you need like so:
If you have $MONEY staked, you need to unstake it if you want to use it to pay back the loan.
Congratulations, you successfully closed a $MONEY loan!
