A Dollar Loan can be closed by paying the total amount of the debt at any moment during its term.
The loan can be paid by 1) Bank transfer, 2) with USDC (stablecoin 1: 1 relationship with the US dollar) where it is deducted from your USDC Transaction account balance, and finally 3) by selling part of the collateral (except to some US states) to pay off the debt in USD and receiving the remainder of the collateral in your Transaction account.
Once payment is confirmed, the collateral is returned to the Ledn Transactions account within 48 business hours.
Note: If the client would like to cancel the Dollar Lloan despite having sent the collateral, please contact firstname.lastname@example.org and if the disbursement has not taken place, the collateral sent can be returned and the application closed. If the disbursement has already been made, the entire debt must be paid in full in order to close the Dollar loan.