You can repay loans from your Crypto.com Exchange Spot Wallet. Repayments of any amount can be made at any time during the loan term. Your repayments will be pro-rata (outstanding loan principal and interest) and can only be made in the borrowed crypto asset.

Loan Principal Repayment

= (Outstanding Loan Principal ÷ Outstanding Balance) × (Repayment)

Interest Repayment

= (Outstanding Interest ÷ Outstanding Balance) × (Repayment)

To make a repayment:

  1. Log In to your Crypto.com Exchange account
  2. Go to Dashboard > Lending > Loans
  3. Tap Repay Now to make repayment to your outstanding loan

For example:

A user has an active loan with the following outstanding loan principal and interest.

Outstanding Loan Principal

= 10,000.00000000 USDT

Outstanding Interest

= 3.28767200 USDT

Outstanding Balance

= Outstanding Loan Principal + Outstanding Interest

= 10,003.28767200 USDT

The user now decides to make a repayment of 5,000 USDT. The repayment will be allocated to pay the loan principal and interest on a pro-rata rate.

Repayment

= 5,000 USDT

Loan Principal Repayment

= (Outstanding Loan Principal ÷ Outstanding Balance) × (Repayment)

= (10,000.00000000 USDT ÷ 10,003.28767200 USDT) × 5,000 USDT

= 4998.35670426 USDT

Interest Repayment

= (Outstanding Interest ÷ Outstanding Balance) × (Repayment)

= (3.28767200 USDT ÷ 10,003.28767200 USDT) × 5,000 USDT

= 1.64329574 USDT

After the repayment of 5,000 USDT, the outstanding balance is as follows.

Outstanding Balance

= 10,003.28767200 USDT - 5,000 USDT

= 5,003.28767200 USDT

Outstanding Loan Principal

= 10,000.00000000 USDT - 4998.35670426 USDT

= 5001.64329574 USDT

Outstanding Interest

= 3.28767200 USDT - 1.64329574 USDT

= 1.64437626 USDT

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