Loan contract termination feature is now available on INLOCK

Dear INLOCKERS! The past weeks have been very busy, the team is super excited to let you know that today a long-awaited feature is released in INLOCK: Customer initiated contract termination, which is a unique function serving a unique need distinguishing INLOCK from its competitors.

Customer initiated contract termination is a new way to manage your running loan contracts: Essentially, this feature will allow the customer to terminate an existing loan contract by not repaying the loan but instead opting to sell part of the collateral security that is necessary to repay the loan. The rest will, of course, be returned to the customer. Besides the collateral, there is an additional 1% fee.

Example usage of loan contract termination