> For the complete documentation index, see [llms.txt](https://docs.fluidnft.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fluidnft.org/product-guides/for-borrowers/refinance-a-loan.md).

# Refinance a Loan

Instantly and permissionlessly refinance a loan to extend the maturity date, borrow more against an appreciated asset or make a partial repayment.

## 1. Go to "My Account"

Go to "My Account" for all available actions.

<figure><img src="https://432388154-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHe7BSBT4RikL3W6P7rlP%2Fuploads%2FEA3lgSpAylR9qs33c0UW%2F6%20My%20Account%20-%20Lend%20-%20Desktop%20Expanded.png?alt=media&amp;token=b048ef13-ccc6-4704-855b-7a6eb89c342b" alt=""><figcaption><p>Go to "My Account</p></figcaption></figure>

## 2. Choose a loan

Choose a loan to refinance.&#x20;

<figure><img src="https://432388154-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHe7BSBT4RikL3W6P7rlP%2Fuploads%2Faop4fOVwx5NWnmsXI0gH%2F7%20My%20Account%20-%20Loans%20-%20Desktop%20Hover.png?alt=media&amp;token=fdfdb8e0-ac90-423f-bed8-d06e179737c2" alt=""><figcaption><p>Choose a loan</p></figcaption></figure>

## 3. Click "Refinance"

Refinance the outstanding against all or selected NFTs.&#x20;

<figure><img src="https://432388154-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHe7BSBT4RikL3W6P7rlP%2Fuploads%2FfvPWBMtTTB4wXbPAhzHN%2F7%20My%20Account%20-%20Loans%20-%20Desktop%20Expanded.png?alt=media&amp;token=a31bbcac-ffa7-4f27-92a4-67b19cff37ce" alt=""><figcaption><p>Click "Refinance"</p></figcaption></figure>

## 4. Configure & Approve

Configure refinance loan, and approve tokens for transfer - this is required once per token.

<figure><img src="https://432388154-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHe7BSBT4RikL3W6P7rlP%2Fuploads%2FAZ20z6HVrXiMwePz7F5u%2F7%20Loans%20Modal%20-%20Refinance%20-%20Desktop%20Step%201.png?alt=media&amp;token=0ed766ce-fd27-4987-9160-12d8b2a06627" alt=""><figcaption><p>Configure &#x26; Approve</p></figcaption></figure>

## 5. Confirm refinance

Final check before executing refinance

<figure><img src="https://432388154-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHe7BSBT4RikL3W6P7rlP%2Fuploads%2F3QXXwC26S3ZvwqnZ2LQ5%2F7%20Loans%20Modal%20-%20Refinance%20-%20Desktop%20Step%201%20Tooltip%203.png?alt=media&amp;token=0cae7d80-e054-41b4-9638-f13364067df9" alt=""><figcaption><p>Confirm refinance</p></figcaption></figure>

## 6. Success! :confetti\_ball:.

Loan terms will update, the NFT(s) will remain in escrow, and any token transfers will be actioned.

<figure><img src="https://432388154-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHe7BSBT4RikL3W6P7rlP%2Fuploads%2FIaKHEK2I7mAnloEJkGAC%2F7%20Loans%20Modal%20-%20Refinance%20-%20Desktop%20Step%201%20Tooltip%202.png?alt=media&amp;token=bd006f88-6f6c-46ea-b230-2393f32dba96" alt=""><figcaption><p>Success! Share on twitter to earn points</p></figcaption></figure>