LENDFi Whitepaper v1.0
  • Welcome to LENDFI
  • Introducing LendFi
  • 🌎LendFi Overview
    • Traditional Lending
    • AI
    • Research Summary
    • Ecosystem
    • $LendFi
  • ✨PROJECT INFO
    • P2P Lending
      • How to Lend
      • Loan Limit
      • Liquidity LTV
      • Loan Term
    • Borrowing
      • How to Borrow
      • Loan Repayment
      • Interest Rate
      • Loan Term
      • Multiple Borrowers
      • Liquidations
    • Staking
      • LendFi recruitment Commission
      • Stable coin and cryptocurrency
      • Lendfi Staking Packages
    • LendFi Swap
  • 🥏GAMEFI ECOSYSTEM
    • Gamefi Overview
      • Key Features
      • Functions
      • Featured Games
  • 🎯PROGRAM
    • Download App
    • Receive Rewards
  • 🟣LendFi Token
    • Overview
      • Why LendFi
    • Mission & Vision
    • FAQs & Answers
  • 🎈LendFi Tokenomics
    • Token Summary
      • Token Utility
      • Token Burning
      • Token Governance
  • ⚽ROADMAP
    • LendFi Roadmap
      • Q1-Q3: 2023
      • Q4: 2023
      • Q1: 2024
      • Q2-Q4: 2024
  • 🛩️Platforms
    • Social Media Channels
    • Web3
    • Support and Contact
  • Legitimacy
    • 🍀LendFi Partners
    • 👨‍🏫Audit Report
    • 🎽Know your Customer (KYC)
    • 💯SAFU
  • 🧊Conclusion
    • Privacy Policies
    • Glossary
    • References
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On this page
  • Search for a loan
  • Deposit collateral
  • Get a loan
  1. PROJECT INFO
  2. Borrowing

How to Borrow

Borrow your way to Wealth!

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Last updated 1 year ago

Search for a loan

With the LENDFI platform you can easily search for a loan that suits your desired needs such as loan value, loan term fixed or flexible type of asset to borrow.

There will be many options for borrowers with different interest rates. Borrowers can choose a loan that suits their existing collateral and desired interest rate.

Deposit collateral

Borrowers need to have collateral suitable for the loan offered by the lender. The loan limit is clearly shown on the loan order. If you agree with the conditions given by the borrower, proceed with the loan.

For example:

LENDFI will not hold collateral but it will be managed by smart contracts so it is very safe and transparent. Lenders and borrowers can completely check the address of the contract.

Get a loan

When the loan order is processed, the lender will have to pay a loan fee equal to 0.15% of the loan amount using LENDFI. Then the loan will be automatically transferred to the borrower's wallet.

The LENDFI platform supports many people to borrow the same loan order

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