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Loan Payment Options
When it's time to repay your loan, NFTY Finance makes it simple and stress-free. Navigate to your loan dashboard, review the repayment details, and submit the required payment. Our platform takes care of the rest, ensuring a seamless repayment experience and the timely release of your collateral.
Upon expiration of loan terms, if the borrower has failed to repay the loan according to the agreed terms and conditions, the loan defaults. At the time of a loan defaulting, the NFT represented as collateral for the loan can no longer be recovered by the borrower and the loan is closed.
The lender will have the capability to interact with the loan and receive the collateralized NFT as payment for the defaulted loan.
As a borrower, you have the option to issue and trade borrower notes. These notes represent your loan obligations and can be bought, sold, or traded on the NFTY Finance platform. This feature provides additional liquidity and flexibility for borrowers, enabling you to better manage your loan portfolio.