Paying off all or part of a loan balance before its official maturity date.
Paying off all or part of a loan balance before its official maturity date. Lygos Finance allows borrowers to manage their $50K-$50M loans flexibly, permitting prepayments so they can unlock their non-custodial DLC collateral at their own convenience.
Prepayment allows a borrower to escape a debt obligation early. While this saves the borrower on long-term interest payments, traditional lenders sometimes charge prepayment penalties to recoup expected interest losses. In flexible lending environments, prepayment is encouraged to free up collateral and reset financial positions.
Lygos Finance allows borrowers to manage their $50K-$50M loans flexibly, permitting prepayments so they can unlock their non-custodial DLC collateral at their own convenience.
Understanding Prepayment is critical when comparing loan offers. This concept directly affects how much you pay, how much collateral you need, or what happens if market conditions change during your loan.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.