To apply for a new loan which will pay off the current loan, submit a new loan application and include the current loan ID in the "purpose" field of the application.
The approval of a new loan is not guaranteed and is subject to our review and approval.
If approved, you'll receive an email when the new loan contract is ready for signature in your account. You will receive emails instructing you to deposit collateral to the new loan collateral address—this is not necessary unless there is a collateral shortfall. The new loan will be structured to pay off the current loan and we will assist with moving collateral from the current loan to the new loan. If applicable, you'll be prompted via email to sign with your key.