The standard maturity of the loan is one year. If not repaid the loan is automatically extended for another 12-month term. The number of extensions under the preceding sentence shall be unlimited.
Please note that the period re-starts every time you withdraw funds from your Credit Line.
Bear in mind that you only pay interest on the funds that you withdraw.
If you consider that your crypto asset has met your price target, you can repay by placing an order with the Nexo Oracle to sell a fraction of the crypto assets stored in your account and to repay the outstanding balance in part or completely. Please note that if you repay a loan within 30 days of the last withdrawal, you will still be charged interest for the full 30 days.