# Repayments & Renegotiations ## Repayments & Renegotiations #### Renegotiations Outstanding loans can also be renegotiated. Renegotiations are helpful when the proposed loan terms are not strictly better than the outstanding ones (otherwise lenders would choose to instantly refinance). For instance, a renegotiation offer might have a higher principal but also a higher APR.Lenders can add any an origination fee when renegotiating. In Gondi V1, when a borrower accepts a renegotiation offer, the lenders must transfer not only the principal but also the accrued interest.Borrowers do not need to repay the full loan amount but only any difference in principal between the outstanding and new offer.Loan renegotiations are not limited to the corresponding lender(s) but available to everyone. Renegotiation offers are only valid while a loan is outstanding and is not past its due date. #### **Repayments** Gondi loans do not depend on oracles or minimum loan-to-value ratios (LTV). Loans can be repaid at any time before its due date.Borrowers are only liable for the interest accrued up until the repayment time (and not the full duration of the loan).If no repayment is made before due date, the loan defaults. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.gondi.xyz/gondi-v1-and-v2/gondi-v1/repayments-and-renegotiations.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.