Repaying a Peer-to-Peer Loan

This guide will walk you through repaying a peer-to-peer loan.  

Navigate to "My loans" on the left-hand side of the platform. 



Locate the loan that you would like to repay. Outstanding loans will have a red "Repay" button. 



Click the red "Repay" button.



In the pop-up window, view the details of the loan, enter the amount that you would like to repay and ensure that you granted the smart contact permission to interact with the digital asset. 



Click the "Confirm Repayment" button. 



Next, a MetaMask notification window will pop-up. Review the gas fee. (Note: MetaMask periodically updates their wallet. The same user journey will apply, however the screenshots may look different from your wallet).



Next, click the "Submit" button. 



Navigate back to "My loans" on the left-hand side of the platform and then locate your loan. If you see a green "Return Collateral" button, the transaction has verified and the loan repaid. 



The next step is to have your collateral returned. Select the loan that you would like to have the collateral returned. 



Click the "Return Collateral" button.



In the pop-up window, click "Confirm."


Next, a MetaMask notification window will pop-up. Review the gas fee. 



Click the "Submit" button. 


Navigate back to "My loans" on the left-hand side of the platform.


Locate your loan. If you no longer see a green "Return Collateral" button, and instead see "Collateral Return," your collateral has been returned. 



Still have a question? Reach out to us in our Telegram group or at support@bloqboard.com.