# Paying back you loan

{% hint style="warning" %}
The following tutorials are from our current WIP prototype, which is currently under testing in **Goerli** **Network**. The final MVP version to be launched may have some changes. At the moment, these illustrations shown are just for informative purpose for you to understand the product and its features.&#x20;
{% endhint %}

**Steps to repay back your loan and close your&#x20;*****Nest*****.**

**Step 1 :** Navigate to your respective Nest and click the *Pay* button.

<figure><img src="https://1264976424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6Cf6DwJRtpLlXN4LJOqL%2Fuploads%2F5tSxNNH3WHhUWg9CGLMs%2Fp1.jpg?alt=media&#x26;token=1246de1a-18c4-49ce-be4f-188799f9f40b" alt=""><figcaption></figcaption></figure>

**Step 2 :** Select either pay term amount or full loan amount and click *Confirm*.

{% hint style="success" %}
Borrowers have two options.\
&#x20; 1\.  Repay only payment term amount can continue the loan duration ends.&#x20;

2. You can pay full loan amount and close the Nest and get back your collateral.
   {% endhint %}

<figure><img src="https://1264976424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6Cf6DwJRtpLlXN4LJOqL%2Fuploads%2F0muTNowNFZiujMM4w7tS%2Fp2.jpg?alt=media&#x26;token=277c3527-2163-477b-b9c6-8324875b02d5" alt=""><figcaption></figcaption></figure>

{% hint style="danger" %}
Keep an eye on your repayment schedule. Once your repayment is due, your Nest is susceptible to liquidation by participants in the protocol aka '*Liquidators*'. You will risk loosing part of your collateral.

To learn more about Liquidation, read [**here**](https://docs-rade.rariti.io/getting-started/borrowing-using-eth/broken-reference)
{% endhint %}

**Step 3 :** Click *Pay* to confirm.

<figure><img src="https://1264976424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6Cf6DwJRtpLlXN4LJOqL%2Fuploads%2FqhlUjxLNfB1y6U9zsuYp%2Fp3.jpg?alt=media&#x26;token=040f3956-197d-446e-9f66-8cff74a4b88a" alt=""><figcaption></figcaption></figure>

**Step 4 :** Confirm the signature request prompted by your Metamask wallet.

<figure><img src="https://1264976424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6Cf6DwJRtpLlXN4LJOqL%2Fuploads%2FnHcrUAUZXVWgItVeb8mk%2Fp4.jpg?alt=media&#x26;token=b67ef824-0fee-4605-bfc5-9b3234102ff5" alt=""><figcaption></figcaption></figure>

**Step 5 :** Confirm the transaction in your Metamask wallet to initiate repayment.

<figure><img src="https://1264976424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6Cf6DwJRtpLlXN4LJOqL%2Fuploads%2FZVP1x5gEC5SohF2wtARH%2Fp5.jpg?alt=media&#x26;token=cdfbc831-6cf8-4bf9-8b96-7be4ed0c146b" alt=""><figcaption></figcaption></figure>

**Step 6 :**  Once transaction goes through, your nest will be updated accordingly.

<figure><img src="https://1264976424-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6Cf6DwJRtpLlXN4LJOqL%2Fuploads%2F42EFrCfkuTAH6xtLaaP9%2Fp6.jpg?alt=media&#x26;token=584ebf96-f04d-4525-9b7b-a05f5bb9e74f" alt=""><figcaption></figcaption></figure>
