> For the complete documentation index, see [llms.txt](https://docs.pawnspace.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pawnspace.io/user-guide/getting-started/repay.md).

# Repay or Withdraw

```
This page guides Borrowers on how to repay their loans and Lenders on how to claim their NFT collateral if the Borrower defaults.
```

## Repay (for borrowers)

* You can pay back the debt within a limited time (mutually accepted loan duration). After repayment, you will be able to reclaim the NFT that was deposited as collateral.
* Click on **"My Orders"** on the header menu.

![](https://3420303853-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MZiZy9XSrh8Q9F82VXa%2Fuploads%2Fgit-blob-c886415cb7e115d3b36f0ba97667b02797db6a8c%2Fscreen-shot-2021-05-15-at-9.27.37-pm.png?alt=media)

* Click the **"Repay"** button for the debt that you want to pay back. If the **"Approve"** button is shown on the bottom of the Order, you have to click and approve to allow the funds to be handled by the PawnSpace smart contract.
* Metamask shows a dialogue. Click the **"Confirm"** button.

![](https://3420303853-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MZiZy9XSrh8Q9F82VXa%2Fuploads%2Fgit-blob-0389f7a7aa164bf5402e3957597fe4220d7bface%2FScreen%20Shot%202021-05-15%20at%209.35.15%20PM.png?alt=media)

## Withdraw (for lenders)

* If the repayment is not done in time, the Lender may withdraw the collateral NFT.
* Click on **"My Offers"** on the header menu.

![](https://3420303853-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MZiZy9XSrh8Q9F82VXa%2Fuploads%2Fgit-blob-adee7707e88adf68652b57fc06ab550b72419987%2FScreen%20Shot%202021-05-15%20at%209.45.49%20PM.png?alt=media)

Click the **"Withdraw"** button, and a Metamask dialogue shows. Click **"Confirm"** to withdraw and claim the defaulted loan's collateral.

![](https://3420303853-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MZiZy9XSrh8Q9F82VXa%2Fuploads%2Fgit-blob-91f4a54d4bb356c53cccff9dc5d6c1c8381ee852%2FScreen%20Shot%202021-05-15%20at%209.46.09%20PM.png?alt=media)