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

Can I make an early repayment?

You can repay any amount at any time with no early repayment fees. The interest is calculated based on your outstanding loan principal and the number of days borrowed.

Daily Interest

= (Outstanding Loan Principal) × (Daily Interest Rate)

= (Outstanding Loan Principal) × (APR ÷ 365)

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

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