> 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.

![](/files/-MjZY9SaVVby8OC736D6)

* 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.

![](/files/-M_mo6TmZhkV9n6Gyai5)

## 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.

![](/files/-M_mqoNpb-UiRqZo4pbj)

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

![](/files/-M_mvCJUY2ZOAbRYi3XM)