If you already have an active loan you can skip to step 3.1
1. Once you complete your loan application process and tap on the "Request loan" button you will be presented with the option to prepay your loan interest. Note that the minimum prepayment is 6 months. This option will show up immediately after you request a loan.
2. Tap on the "Next" button.
3. Now you will be presented with the option to prepay your interest. Tap on the "Make a payment" button.
3.1 The same option can be found by opening your "Borrow" page in the app and scrolling down on the active loan.
4. Choose the option that suits you the most regarding prepaying interest.
You will be able to choose to prepay interest with:
- CEL ( up to 30% discount on payments in CEL token )
- Crypto ( any coin that we support in the app and that you have on your account )
- US Dollars
4.1 If you tap on the "Prepay with CEL" option you will see the following screen. The discount rate is based on your Loyalty Level.
4.2 If you tap on the "Prepay with crypto" option you will be able to choose the type of crypto that you would like to use for this payment. You can choose from the accepted coins that you have on your account.
If you have any additional questions, please feel free to reach out to firstname.lastname@example.org.