You can make loan repayments at any time and using any amount in fiat. For crypto, please click here. Currently, you can repay your loan partially or in full using the following currencies:
- Fiat: USD, Euro, GBP (Advanced Verification required)
- Stablecoins: USDT, USDC, TUSD, PAX, DAI, HUSD
- Crypto: BTC, ETH, LTC, XLM, BNB, BCH, EOS, LINK, TRX, and NEXO (currently only the interest can be repaid with NEXO). The transaction is performed through API on some of the major exchanges (i.e. Bitstamp, Kraken, etc.) without any additional fees besides the exchange's fees.
- any combination of Fiat and Crypto
In order to start the repayment process please login to your Nexo account and click on the "Repay loan" button as seen on the screenshot below.
and then choose one of the available options:
Please note that if you repay a loan within 30 days of the last withdrawal, you will be charged interest at the standard APR of 11.9% for the full 30 days regardless of your current loyalty level. Repayments will be used to cover the earliest loan withdrawals and to pay off interest before the principal.