You do not need to take any specific action to repay a loan. The Bullish exchange automatically repays loans to reduce interest charges when funds become available in that trading account.
There are two methods to generate the funds that will trigger automatic repayment:
- Trade to repay
- Transfer to repay
Trade to repay
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Go to the left-hand navigation and choose Trade.
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Choose Buy or Sell depending on the assets you borrowed.
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View your borrowed amount by choosing View Details.
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Choose your order type between Market, Limit, and Stop Limit orders.
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Enter the Amount and Price for the order you wish to repay the loan.
Transfer to repay
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Go to the left-hand navigation and choose Portfolio.
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Choose Borrowing.
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View your Borrowed amount under Asset Details.
- Choose the Deposit button at the top right side of the screen, and you can deposit the amount to repay the loan. For more details, visit Depositing funds into your Bullish account.
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If this trading account is not the primary account you will need to transfer the deposited funds from the primary account into this trading account. For more details, visit Transferring assets between accounts.