Closing a USD(fiat) loan is easy and you can close whenever you'd like!
When you're ready to close your loan, follow the below guidelines and send your request over to our support team by contacting: firstname.lastname@example.org
Here are the guidelines on closing your stable coin loan.
1. The first thing you need to do is to ensure that at least 6 months of the loan interest payments have been paid. This is a minimum requirement for all of our loans. - If you haven't paid 6 months of interest, just let us know which coin you'd like to use to pay your interest and we can deduct it from your Celsius wallet. (You're welcome to include your interest payment when sending your principal payment by bank transfer)
Interest can be paid in CEL, BTC, ETH, USDC, GUSD, TUSD, USDT, and MCDAI. - If you pay loan interest using CEL you'll receive a discount of up to 30%!
2. The next step in closing a loan is to pay the principal balance.
Since we follow AML and Compliance guidelines, we need to receive the loan principal in the same way we send it to you. This means that you’ll need to transfer your loan payment to our bank account.
Before you transfer the funds, please make sure to follow these guidelines:
- Only send the transfer from a bank account registered under your own name. If you are using a business account, we won’t be able to confirm the payment without an EIN registration letter showing you are the owner of that business
- Please make sure that no fees are deducted from your transfer and that the full amount is transferred. We won’t be able to close your loan without receiving the full principal balance.
- If possible, please add a note or memo to the transfer with your name, and the loan BO number
- Once your payment is sent, please share a copy of the transfer confirmation with us.
Transfer Information (Also good for ACH wires)
Beneficiary Bank Details
Beneficiary Bank: Signature Bank
ABA/Routing Number: 026013576
Beneficiary Bank Address: 565 Fifth Avenue, New York, NY 10017
(International) SWIFT Code: SIGNUS33XXX
Beneficiary Account: 1503222589
Beneficiary Name: Celsius Network Limited
Beneficiary Address: 1 Bartholomew Lane, London, UK, EC2N 2AX
3. Lastly, we need you to clarify why you would like to close your loan early.
The reason we ask this is to learn how, and if, we can improve our customer’s experience, but also, because of the regulatory guidelines that we follow.
Please note that it can take up to 7 days to close your loan, but once your payment is received, and the interest paid, we'll close your loan.
Your locked collateral will be released back to your Celsius wallet as soon as your loan is closed.