Repaying your Loan

In this tutorial, we'll walk you through the seamless process of repaying a loan on the Mars dApp. Efficiently managing and repaying loans are key components in maintaining a healthy financial profile within the ecosystem. Let's guide you step by step:

Step 1: Navigating to the Borrow Page

Your first step is to visit the "Borrow" page on the Mars dApp, where you can manage your borrow positions effortlessly.

Step 2: Choosing a Loan to Repay

From the list of assets, pinpoint the one you intend to repay. Click the "Repay" button next to the asset to initiate the repayment process.

Step 3: Determining the Repayment Amount

In this step, specify the exact amount you wish to repay. Make sure to carefully input the amount to avoid any errors during the transaction.

Step 4: Transaction Confirmation

Proceed by authorizing the transaction. You will need to sign and confirm the transaction to move forward securely.

Step 5: Confirmation of Loan Repayment

Great job! Once the transaction is confirmed, your loan will be considered repaid. Consequently, the repaid loan position should disappear from your borrow page, indicating a successful repayment.

Step 6: Inspecting Your Account Health

Now, take a moment to review your account health. Navigate to the "Account Health" tab to confirm that the debt associated with the repaid loan has been cleared from your account balances.