Blockchain loan facility will help you get USD digital that you can sue to buy the cryptocurrency, and once you manage to get funds, you can repay the loan borrowed from the Blockchain.com. If you have funds and you are paying the loans, you would be paying the interest on enjoying the loan amount.
Actually, sometimes Blockchain users, anyhow managed to borrow the loan but don’t know how to repay and they keep avoiding the repayments that increases their financial burdens due to internet payments. So, contact Blockchain support for such people we brought here the right process or repaying the Blockchain loan.
Also Read: What is Blockchain Loan Account?
Steps To Repay the Loan Borrowed from Blockchain:
Step 1: First of all visit at your Blockchain website and login into your wallet account.
Step 2: Now go to the borrow section of your wallet and select “View Details” for the loan you want to close.
Step 3: Here while closing out a loan, you can repay directly with USD Digital.
Note: Make sure you send the amount you borrowed plus any interest you accrued.
Step 4: Now click on “View Details” for the loan you want to close and select the “Full repayment” option.
Step 5: Here you need to select the “Send USD Digital” option.
Step 6: Now you have to select which wallet you want to pay from (e.g. My USD Digital Wallet) or select “Send funds from external wallet.”
Note: The amount due to fully repay the loan will display at the bottom of the form. If you are repaying from an external wallet, please ensure the amount you send is exactly equal to the amount due. If you are paying from your Blockchain.com Wallet’s USD Digital balance, the transaction will be initiated automatically.
Step 7: Finally the last step, you have to Click on “Complete repayment” to close out your loan.
While repaying your loan to Blockchain, you need to make sure and note that, if we don’t receive the full amount due in USD Digital, Blockchain automated system will automatically repay the remaining amount with the BTC collateral. And once you close out your loan with a full repayment, Blockchain will send back your collateral, minus any accrued interest making clear your loan dues.
When Your Crypto Will be Send after Repaying Loan?
You can close out and pay off your USD Digital loan at any time. Once your loan is entirely paid off, either through returning the principle or with collateral, your will be returned the remainder of your collateral, less any accrued interest or fees, to your Blockchain.com Wallet. And to complete all these process it can take up to 4 hours for processing.
The loan repayment on Blockchain is easy and trouble-free, if you follow the steps listed above. Though, sometimes unexpected technical issues can arise and repayment can be affected, failed or incomplete. And if you failed to repay your loan, interest amount will be chargeable on your account. So, at this point of time you can get help from experts and take their help to resolve the problem.
Call Blockchain Customer Support Number for Loan Repayment Issues
To solve the loan repayment related issues on Blockchain, you can call at Blockchain customer support number and get immediate online assistance at your desk. Calling at this Blockchain helpline number will connect you with team of certified technicians, who can help you in solving the Blockchain related various issues including loan borrowing, repayment and cryptocurrencies related various issues.