Ledn offers flexible options for renewing or refinancing your existing loans:
Loan Renewals:
- Automatic Renewal: If your loan’s LTV is at or below 65% at maturity, it may be automatically renewed under a new loan agreement which may include a new administration fee and the new interest rate will be the one in force at the moment of renewal. The basis for calculation will be the Outstanding Balance at the moment of renewal.
- Clients Not Eligible for Automatic Renewals: Clients in the following regions are not eligible for automatic renewals:
- Canada: Quebec, New Brunswick, Nova Scotia, Saskatchewan
- United States: California, Louisiana
- Europe: Germany, France, Italy
Refinancing:
- Loans can be refinanced after being open for 30 days. Refinancing can help adjust terms, switch loan types, or secure better rates. A refinance will also be subject to the terms of a new loan agreement which may include a new 2% admin fee. The basis for calculation will be the Outstanding Balance at the moment of the refinance.
Please note that the refinancing/renewal of a Loan does not release additional fiat or collateral.