Limited availability
Grant renewal is currently in a pilot phase. To request access, reach out to your Adyen contact.
Existing users can become eligible for additional financing in two scenarios:
- New grant after full repayment: When the prior grant is 100% paid off, the user can receive a new grant. The process is the same as for a first-time grant. For more information, see Disburse a grant.
- Subsequent grant after partial repayment (commonly referred as a renewal): When the prior grant is only partially paid off but meets specific requirements, the user can receive a subsequent grant. Adyen disburses the full subsequent grant amount and reserves the outstanding principal of the prior grant for repayment.
The rest of this page covers the grant renewal scenario, including eligibility requirements and conditions. For step-by-step instructions, see Renew a grant.
Eligibility
To qualify for grant renewal, a grant must meet the following requirements:
| Requirement | Description |
|---|---|
| Minimum repayment threshold | The prior grant must be repaid by a specific percentage, determined by risk assessment and varying by balance platform. |
| Repayment history | The grant must have no outstanding missed repayments. |
| Grant age | The prior grant must be at least 90 days old to show a stable repayment history. |
| Currency consistency | The renewal offer must use the same currency as the prior grant. |
| Offer minimum | The renewal offer must be at least 150% of the outstanding balance of the prior grant. |
Renewal conditions
The following conditions apply to grant renewal:
Condition |
Description |
|---|---|
| Offer underwriting | Renewal underwriting follows current credit assessment rules to determine repayment percentage, fee, and maximum amount. The new terms can differ from the prior grant. Offers are recalculated weekly and expire after seven days. |
| Terms of Service | Users must accept the Terms of Service for each subsequent grant. After selecting a renewal offer, the receiveGrants capability is disallowed until the Terms of Service are accepted again. |
| Disbursement and repayment | Adyen disburses the full subsequent grant amount and reserves the outstanding principal of the prior grant for repayment in a single atomic action. |
| Fee waiver | Any unpaid fee from the prior grant is fully waived at the time of renewal. |
| New fee application | The new fee percentage applies to the entire principal amount of the subsequent grant. |
| Available funds | The effectively available funds equal the new principal amount minus the outstanding principal of the prior grant. |
How renewal works
Grant renewal is available through the UI components and API. The following tabs give a brief overview of each option.