You can make loan repayments at any time and using any amount be it in fiat or crypto. Currently, you can repay part or the whole loan using the following currencies:
- Fiat: USD, Euro, GBP, AUD and NZD
- Crypto: BTC, ETH, XRP, TUSD and Nexo (currently only the interest can be repaid with Nexo)
- any combination of Fiat and Crypto
In order to start the repayment process please log in to
your Nexo wallet/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 for the full 30 days. Repayments will be used to cover the earliest loan withdrawals and to pay off interest before the principal.