What Is the Line of Credit?

• What can I use an LOC for?
• How is an LOC different from a regular APX loan?

Term and Flexibility

• Can I renew my LOC after the five-year term ends?
• Can I convert my existing APX loan into an LOC?
• Can I keep my LOC open if I pay my balance down to zero?
• Is there a minimum amount of time I need to keep the LOC open, or a minimum balance I need to maintain?
• How long does my LOC stay open?

Rates and Fees

• Is there a fee if I don't use my full credit limit?
• Is there a prepayment penalty if I pay off my LOC balance early?
• Is there an origination fee for the LOC?
• Why is the LOC interest rate higher than a fixed-term APX loan?
• What interest rate will I pay on my LOC?

How Interest and Billing Work

• Does APX charge interest on interest I haven't paid yet?
• Can I add my billed interest to my loan balance instead of paying it separately?
• What happens if I don't pay my billed interest within the five-day window?
• When do I need to pay my billed interest?
• What's the difference between accrued interest and billed interest?
• How is interest calculated on my LOC?

Making Payments

• When does my available credit go back up after I make a principal payment?
• How long does a repayment take to process?
• If I make a payment after my interest is billed, where does it go?
• If I make a payment before my interest is billed, where does it go?

Drawing Funds

• Is repaid principal immediately available for me to redraw?
• Can I set up automatic recurring draws, like receiving $10,000 every month?
• What's the minimum amount I can draw?
• How do I request an additional draw on my LOC?

Your Available Credit and Dashboard

• What can cause my available credit to change?
• What will I be able to see on my LOC dashboard?
• Does accrued or billed interest affect my available credit?
• How is my available credit calculated?
• What is my "borrowing base"?

Collateral, LTV, and Liquidation

• Can I be liquidated during the five-day window while I'm paying my billed interest?
• What triggers a partial liquidation on my LOC?
• What happens if my LTV rises?
• What's the maximum LTV I can borrow up to?