# Borrow (+Repay)

{% hint style="success" %}
Borrowing via USD.AI is not publicly available. Reach out to the USD.AI team on Telegram if you would like to inquire or get more information.
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## Borrowing 

1. Select [BORROW](https://app.usd.ai/borrow) page in the Navigation Bar
2. View all available assets to borrow under UPCOMING LOANS (bottom section)
3. Click `Borrow` to open the Borrow interface

<figure><img src="https://81871421-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1xUmTJppLJHObr52ucZQ%2Fuploads%2FAi21XzGIGvsajlp53xMW%2Fborrow.svg?alt=media&#x26;token=25ba2987-57e6-495a-aae4-64ee5b28878d" alt=""><figcaption></figcaption></figure>

4. Review the Borrow Terms

{% hint style="info" %}
**Borrow Terms**

* Asset Details = List of NFTs availlable to borrow
* Collateral Value = Total value of collateral
* \# of Assets = # of assets used as collateral for loan
* Currency = Borrow currency for loan
* Principal = Amount being borrowed for loan
* Term = Length of loan
* APR = Interest rate paid by borrower for loan
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5. Review the Repayment Terms

{% hint style="info" %}
**Repayment Terms**

* Maturity Date = Date the final loan payment is due
* Repayment Frequency = How often principal and interest payments must be made
* Repayment Amount = The amount of principal and interest to be paid each period
* Default Grace Period = Amount of time after each repayment period the borrower has to prevent a default on a loan (once the grace period ends, the borrower will default)
* Grace Period APR = Interest rate the borrower must pay during the Default Grace Period
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6. Complete all transactions to Borrow

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## Making Repayments

<figure><img src="https://81871421-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1xUmTJppLJHObr52ucZQ%2Fuploads%2FCT15Jwam2eSNufC3sMfO%2Fimage.png?alt=media&#x26;token=9da64392-aef4-403c-802c-47cd90e5ba0f" alt=""><figcaption></figcaption></figure>

1. On the [BORROW](https://app.usd.ai/borrow) page, ACTIVE LOANS (top section) will show all of your current loans
2. Click `Make Payment`  to view the current loan details

<figure><img src="https://81871421-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1xUmTJppLJHObr52ucZQ%2Fuploads%2FQRXini8cimG51O3olq3b%2Fimage.png?alt=media&#x26;token=82e65280-b640-4cb6-be86-f8c0adf8bdd0" alt=""><figcaption></figcaption></figure>

{% hint style="warning" %}
**Loan Status**

* Current = Loan is current as all repayments have been made on time
* Default Grace Period = The current repayment is late and the user must make repayment to avoid default (days remaining shown next to Default Grace Period)
* Default = Repayment was not completed in time and the borrower has defaulted
  {% endhint %}

3. Review the repayment details and complete all transactions to Repay