We will send you notifications by email about the upcoming repayments according to your payment schedule. Check your mailbox in order not to miss a deadline.
If the borrower couldn’t pay, the system would try to make an automatic repayment. To make it possible, you should have enough money in the loan currency on your CoinLoan account. If there aren’t enough funds, the system will liquidate a part of the collateral by its current market rate to make a payment. Please refer to our article about collateral liquidation for more info.
Note: If you have enough funds in your Wallet and the system makes an automatic loan repayment, you don’t pay any fees.