Close a loan

User Guide

• Connect your wallet to Sendit and navigate to the Portfolio page.

• Select the loan you want to repay and close, then click Manage.

  We recommend using Verified Markets for most users.

• Repay SOL

  • Go to the Repay SOL tab.

  • Enter the amount of SOL you want to repay. Use MAX to repay the full loan.

  • As you adjust the repay amount, you will see:

    • New Borrowing Power: Increases as debt decreases.

    • Available Liquidity: Increases as SOL is returned to the pool.

    • New Liquidation Price: Adjusts lower as your debt is paid.

    • Loan-to-Value Ratio (LTV): Improves as your debt decreases.

• Withdraw Collateral

  • Go to the Withdraw Collateral tab to release your deposited tokens.

  • If you repaid your full SOL debt, you can withdraw all collateral.

  • If only partially repaid, you may withdraw a portion. The Withdrawable balance shows the maximum you can take out.

  ![Withdraw Collateral screenshot]

• Confirm in Wallet Click Repay or Withdraw and approve in your wallet. Your loan will update in real time in the Portfolio page.

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Important Information

• Repaying Debt: Lowers your LTV ratio and liquidation risk.

• Withdrawing Collateral: Raises your LTV ratio and liquidation risk.

• Partial Management: You can manage loans incrementally—repay part, withdraw part, or close entirely.