Repayment Mechanics

Credie repayment is transparent, automated, and deeply integrated with your wallet and on-chain behavior. We reward good repayment behavior and penalize only when necessary, all visible on-chain.

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💸 Core Repayment Flow

    A[Loan Disbursed] --> B[Repayment Clock Starts]
    B --> C[Grace Period (Optional)]
    C --> D[Repayment Due]
    D -->|On Time| E[Score Boost + Rate Discounts]
    D -->|Late| F[Score Drop + Penalty Fee]
    F --> G[Cooldown Period]

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📆 Repayment Timing Structure

Term Length	Grace Period	Early Repayment Bonus	Late Penalty
7 Days	24 hours	0.25% APR discount	1.5% fee
14 Days	2 days	0.5% APR discount	2% fee
30 Days	3 days	1% APR discount	3% fee
60 Days	5 days	1.5% APR discount	4% fee

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🔁 Repayment Options

1. Manual Payback

• Repay in one transaction

• Visible in dApp dashboard

• Wallet notifications enabled

2. Auto-Repay via Vault

• Auto-debited from staked vault yield

• Uses funds from earning accounts

• Failover triggers alert if balance insufficient

3. Streamed Repayment (Coming Soon)

• Pay in daily microtransactions

• Best for long-term loans

• Increases Credie Score efficiency

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📊 Live Dashboard Example

    A[Loan #2371 - 30 Days] --> B[APR: 9.5%]
    B --> C[Next Payment: July 31]
    C --> D[Current Wallet Balance: $182]
    D --> E[Auto-Repay ON]
    C --> F[Est. Score Boost: +3.1]

All repayment actions and updates are reflected in real time on credie.org.

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⚖️ Late Repayment Logic

    A[Missed Due Date] --> B{Within Grace?}
    B -- Yes --> C[No Penalty + Reminder]
    B -- No --> D[Late Fee Added]
    D --> E[Score Deduction]
    E --> F[Cooldown Lockout (72h)]
    F --> G[Loan Reschedule Option Unlocked]

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💡 On-Time = Lower APR in Future

Each successful, on-time repayment:

• Adds +1.5 to your Credie Score

• Reduces future APR offers by up to 1.25%

• Unlocks access to higher credit tiers

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🔒 What Happens on Default

Time Since Due	Action Taken
1 Day Late	Reminder + 1% penalty
3 Days Late	Loan marked delinquent
7 Days Late	Score reset to default floor
14 Days Late	Blacklisted from undercollateralized loans

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📘 Example Scenario

Alice borrows $500 for 30 days at 10% APR.

• She repays on Day 28

• She earns a +1.5 score boost

• Next loan offer comes with 8.25% APR

• Her vault remains untouched

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📉 Missed Repayment? Here’s What to Do

1. Reconnect your wallet to trigger alert

2. Pay outstanding principal + late fee

3. Begin cooldown (visible on dashboard)

4. Restore eligibility after cooldown