Borrowing

1. Start a Loan

• After the borrower applies for a loan, the system will review the loan during the loan confirmation period, and after the confirmation is completed, the approved amount will be transferred to the borrower's wallet as the principal. The confirmation period is up to 72 hours.

2. Apply for end confirmation

• During the confirmation period, borrowers can apply to end the audit when the approved amount is over zero. After the confirmation is completed, the approved amount will be transferred to the borrower's wallet as the principal, and remaining loan amount that has not been approved will be canceled. The borrower will also receive the remaining part of the collateral returned by the system.

3. End of the Loan Confirmation Period

• If the approved amount is over zero, the approved amount will be transferred to the borrower's wallet as the principal, and remaining loan amount that has not been approved will be canceled. The borrower will also receive the remaining part of the collateral returned by the system.
• If the approved amount is zero, the loan application will be cancelled and the borrower will have to apply for a new loan if he/she still needs to borrow.

Loan Interest

The loan interest is calculated based on calendar days (UTC+8). The day when a loan request is successful will be counted as the first day. Any duration less than 1 day will also be calculated as 1 day.

• Early repayment before the maturity date does not reduce or waive the interest. Matrixport shall be entitled to receiving the full loan interest based on the maturity date.

Loan Release

After the loan is confirmed and the approved amount is greater than zero, the approved loan amount will be transferred to the borrower's wallet.

Repayment

The borrower needs to complete the repayment before the final repayment time, otherwise it will affect the return of the collateral, please see the "Collaterals" column for details.

On the Loan Orders page, find the “Pending Repayment”  and click "Repay".

This product only allows one-time repayment for principal and interest, and does not allow installment repayment.

Repayment time: The borrower can repay at any time after the subscription is successful, and no penalty interest will be charged for early repayment.

Collaterals

The products in Non-Liquidating Loan are not affected by market fluctuations, and the borrower's collaterals will never be liquidated during the loan period.

Collateral Return Rules:

• If the borrower completes the repayment before the final repayment time, collaterals will be automatically returned after the loan ends.
• If the borrower has not completed the repayment by the final repayment time, the order cannot be repaid thereafter, and the collaterals will not be refunded after the loan ends.