Currently, you can only have one active loan at a time.

If you want to borrow more funds or change your loan type, you must first close your current loan and then open a new loan with your desired configuration. Early loan closures are available after your loan has been open for 60 days and there are no fees for early closure.

Once your loan has been successfully closed and your collateral returned, you can visit your Loan Center and tap “Archive loan”, which will reset your Loan Center. You can then visit your Cash tab and open a new bitcoin-backed loan.