# Active Loans

#### **Debt Tab Overview**

The **Active Loans Tab** allows users to manage and control their active debts with ease. The tab displays debts in a structured table or grid format, showing key details about each loan.

**Grace Period**

Each loan have a grace period that equal 1 hour per day borrowed, with a maximum of 8 hours. During grace period, interest are doubled. Grace period should only be used in emergency cases to avoid getting liquidated.

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**Key Features**

1. **Select All / Deselect All**
   * Buttons at the top allow users to select or deselect all loans in the table at once.
2. **Active loans Table**\
   The Active loans table consists of the following columns:
   * **Collateral**: Type of collateral used for the loan (e.g., tokens or NFTs).
   * **Type**: The type of loan or agreement.
   * **Loan Amount**: The amount borrowed.
   * **Collateral Value**: The current value of the collateral.
   * **Est. PnL**: Estimated profit or loss based on the collateral and loan status.
   * **Interest**: The accrued interest on the loan.
   * **Fund Date**: The date the loan was issued.
   * **Action**: The available actions for each loan.

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**Actions**

Each loan entry has a checkbox that allows users to select specific loans for applying actions. The **Action** icon is located to the left of the checkbox. Available actions include:

**Token Actions**

For loans with tokens as collateral, the available actions are:

1. [**Market Sell**](https://docs.rain.fi/account/dashboard/active-loans/market-sell)\
   Quickly sell the collateral token at the current market price to pay off the loan.
2. [**Extend**](https://docs.rain.fi/account/dashboard/active-loans/extend)\
   Extend the loan duration to delay repayment and avoid liquidation.
3. [**Repay**](https://docs.rain.fi/account/dashboard/active-loans/repay)\
   Repay the loan and retrieve the collateral used for the loan.
4. [**Add to Calendar**<br>](https://docs.rain.fi/account/dashboard/active-loans/add-to-calendar)Set a reminder for the loan repayment due date to ensure timely repayment.

**NFT Actions**

For loans where NFTs are used as collateral, the actions differ slightly:

1. **List NFT for Sale**\
   List the collateralized NFT for sale on the RainFi platform's marketplace.
2. **Market Sell NFT**\
   Similar to tokens, sell the collateralized NFT at the current market price to pay off the loan.
3. [**Extend**](https://docs.rain.fi/account/dashboard/active-loans/extend)\
   Extend the loan duration to delay repayment and avoid liquidation.
4. [**Repay**](https://docs.rain.fi/account/dashboard/active-loans/repay)\
   Repay the loan and reclaim the NFT used as collateral.
5. [**Add to Calendar**<br>](https://docs.rain.fi/account/dashboard/active-loans/add-to-calendar)Set a reminder for the loan repayment due date to avoid missing the deadline.

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This layout ensures that users have full visibility and control over their loans while providing easy access to key actions.

Token Actions

<figure><img src="https://2770293654-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FP0GgzuaAMRXFbXDPKHfP%2Fuploads%2FczdOrVvXI0zjiZxc1S5s%2FScreenshot%202024-11-28%20at%2014.33.29.png?alt=media&#x26;token=80a8850c-cd72-4cc7-b1b2-2960150eea1b" alt=""><figcaption></figcaption></figure>

**NFT Actions**

<figure><img src="https://2770293654-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FP0GgzuaAMRXFbXDPKHfP%2Fuploads%2Fdg8KA3jXLiDS6gK6sKgO%2FScreenshot%202024-12-08%20at%2015.07.39.png?alt=media&#x26;token=b4876dee-9f86-4035-adb6-31d9f45828d8" alt=""><figcaption></figcaption></figure>