How Do Loan Renewals and Refinancing Work?

Ledn offers flexible options for renewing or refinancing your existing loans.

Loan Renewals

• Automatic Renewal:
  If your loan’s Loan-to-Value (LTV) is at or below 65% at maturity, it may be automatically renewed under a new loan agreement. The renewed loan may include a new administrative fee and a new interest rate, based on the rate in effect at the time of renewal. The renewal is based on the outstanding balance at maturity.
• Clients Not Eligible for Automatic Renewals: Clients in the following regions are not eligible for automatic renewals:

1. Canada: Quebec, New Brunswick, Nova Scotia, Saskatchewan
2. United States: California, Louisiana
3. Europe: Germany, France, Italy

Refinancing

• Loans can be refinanced after being open for at least 30 days.
• Refinancing may help adjust your loan terms, switch loan types, or secure updated rates.
• A refinance is subject to a new loan agreement, which may include a new 2% administrative fee. The refinance amount is calculated based on the outstanding balance at the time of the request.

Note: Refinancing or renewing a loan does not release additional fiat or unlock additional collateral.