Another Feature that Empowers You to Take Control of Your Ledn Loan
At Ledn, we're dedicated to providing you with innovative solutions that make managing your finances easier and more flexible. Today, we're excited to announce the launch of our newest loan management feature: Partial Loan Repayments. This new option empowers you to take control of your loan, reduce your interest payments, and lower your liquidation risk—all through a simple and intuitive process.
Why Partial Loan Repayments?
Managing a loan can sometimes feel like a balancing act, especially when unexpected expenses arise or market conditions fluctuate. With our new partial repayment feature, you now have the flexibility to repay a portion of your loan when it suits you best, without the pressure of having to repay your whole loan at once. Here’s how this feature can benefit you:
Lower Liquidation Risk: Partial repayments help you lower your Loan-to-Value (LTV) ratio. A lower LTV means less risk of liquidation, giving you greater financial security and peace of mind. Sleep easier knowing you have more control over your loan.
Reduce your balance owing: Partial repayments allow you to lower the outstanding balance of your loan, resulting in less financing charges you will have to pay when you close your loan. This can lead to significant savings and more efficient loan management.
Enjoy Flexibility and Choice: You have the freedom to decide how and when to repay your loan. Whether you choose to partially repay using USDC or fiat (via Wire Transfer) the choice is yours. Make smaller repayments when you can, or larger ones when you're ready—there are no prepayment penalties, ever.
Grow your Digital Wealth: Combine partial loan repayments with Ledn’s other loan management features like excess collateral redemption and Auto Top-Up to optimize your borrowing and hodling strategy.
How It Works
Using the partial repayment feature is as easy-to-use as all Ledn products. Here’s a step-by-step guide:
- Enter the Amount You Want To Repay: Log into your Ledn account, navigate to your loan details and click “Repay”. Choose the USDC repayment option with “Partial Repayment Available” and enter the amount of your outstanding loan balance that you wish to repay.
NOTE: Partial repayments via manual Wire Transfer are available upon request to support@ledn.io
- See the Impact: Instantly see how your repayment will impact your loan. Our platform will show you the new balance, updated LTV, and the potential interest savings.
- Submit Your Repayment: Once you're satisfied with the details, simply submit your repayment. It’s that easy.
A highly requested feature
“At Ledn, we are constantly listening to our clients' needs and striving to enhance their financial experience. The introduction of Flexible Partial Loan Repayments is a direct response to client feedback. Many of our clients requested more flexible options to manage their loans effectively, and we are proud to deliver another feature that does just that. By enabling partial repayments, we empower our clients to take greater control of their financial strategy, reduce interest payments, and mitigate liquidation risk. This feature, combined with our other innovative loan management tools, underscores our commitment to helping our clients maximize their gains and grow their digital wealth.”
Alex Marks, Chief Product Officer at Ledn
The partial repayments feature will begin a phased rollout today, with it being available to all clients on October 2, 2024.
Join the Ledn Community
We invite you to explore this new feature and see how it can help you manage your loan more effectively. At Ledn, we believe in empowering our clients with tools and options that provide financial flexibility and security. The partial repayment feature is just another way we’re making borrowing simple and stress-free.
Ready to get started? Log in to your Ledn account today and take control of your loan with flexible partial repayments.
For any questions or support, check out our FAQs. Our dedicated team is also here to help at support@ledn.io.
Thank you for choosing Ledn. Together, we’re building a more flexible and secure financial future.
Stay tuned for more updates and features coming your way.
The Ledn Team
