> For the complete documentation index, see [llms.txt](https://docs.grace.loans/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.grace.loans/borrowers/borrow-and-repay.md).

# Borrow and repay

{% hint style="info" %}
You must deposit at least one collateral before borrowing. Visit the [Add/Remove collateral page](/borrowers/add-remove-collateral.md) for instructions on adding collateral.
{% endhint %}

## Borrow

After depositing collateral, you may borrow one or multiple assets at the [**Borrow page**](https://app.grace.loans/borrow). Interest is continuously added to your debt based on the yearly "APY" displayed next to each borrowable asset.

{% hint style="danger" %}
Your position will be force-liquidated if you reach 100% of your borrow limit. If your borrow usage comes dangerously close to the limit, consider adding more collateral or repaying some of your loans to avoid force-liquidation.
{% endhint %}

In addition to your personal borrow limit, all users may be temporarily restricted from borrowing more assets due to insufficient liquidity or if the global daily borrow limit is exceeded.

## Repay

You may repay some or all of your loans at the [**Borrow page**](https://app.grace.loans/borrow).

If you wish to fully-withdraw your collateral, you must first repay all your loans. When repaying, you may find that your debt amount has grown slightly larger than the originally borrowed amount. This is because accrued interest is also added to your loan.

## Liquidation

In the event where your position is force-liquidated, some of your loans will be repaid on your behalf. In this case, your collateral will be reduced by an amount equal to the repaid debt plus a liquidation fee.


---

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