# How do I close my loan or line of credit?

Category: Borrow
Source: https://strike.me/gb/en/support/how-do-i-close-a-loan-or-line-of-credit/

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You can [retrieve collateral without closing your loan](/support/can-i-retrieve-collateral-from-an-open-loan-or-line-of-credit). You can also [refinance a loan into a new one](/support/can-i-refinance-my-loan) instead of closing and reopening.

You can close a loan that has been open for more than 60 days.:region-only[ You can’t close a line of credit within 14 days of [increasing your credit line](/support/how-do-i-increase-my-credit-line).]{in="us"} Adding collateral to lower your [LTV](/support/how-do-margin-calls-and-liquidations-happen) doesn’t affect when you can close. There are no closure fees, though trading fees may apply when [repaying from your bitcoin balance](/support/how-do-i-pay-interest-or-repay-principal).

To close, open the “Cash” tab in the mobile app or the home page of the web app, then go to the “Borrow” section:

1. Open the loan you want to close
2. Scroll to the bottom and tap “Close”
3. [Repay your outstanding principal and pay outstanding accrued interest](/support/how-do-i-pay-interest-or-repay-principal)

After closure, your collateral is returned to your bitcoin balance **within 3 business days**. A summary document becomes available at <UserIcon /> “Account” under <DocumentIcon /> “Documents”. You can still access the loan center to review history.

From Strike's help center — https://strike.me/gb/en/support/