Submitting a Lending Request

The Steps#

From any strategy, clicking on Lend opens the Lending Request flow. Signed in, it has five steps; signed out, a sixth step (identity verification) comes second.

• Select: the Lending Option and the Lending Amount, in the Loan Currency you choose. The screen shows the option's Effective Interest Rate, whether it is variable or fixed, and the capacity currently available.
• Confirm Lending Request: a review of everything you chose, with the disclosures you acknowledge: the Important Information, the Risk Warning, and the Subordination Agreement (if applicable) that applies to the region's Lending Options. The Effective Interest Rate shown here is the rate your Loan Agreement refers to as the interest rate chosen.
• Loan Agreement: generated for you to review and accept. It does not repeat the figures from the screens; it incorporates what you chose and what the app disclosed, which is why every screen is written to be exact.
• Authorise Transfer: approve the transaction in your wallet. This approval authorises the transfer of your Lending Amount, and only that amount, from your Digital Wallet.
• Submitted: your request is Queued for the cycle shown, with the outcome confirmed within the 48 hour processing period after the close. If accepted, interest is earned from the start of the cycle that opens at the close (The Transaction Cycle).