The Dollar loan can be closed by paying the total amount of the debt at the moment.
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 Savings balance, and finally 3) by selling part of the BTC collateral (except to some US states) to pay off the debt in USD and receiving the remainder in BTC in your BTC Savings Account.
Once payment is confirmed, the collateral is returned to the Ledn Savings account within 48 business hours.
Note: If the client would like to cancel the Dollar loan despite having sent the collateral, please contact support@ledn.io 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.