Platform Rules
Management Fee:
Calculation: Loan Amount * 0.5% * Loan Duration (30 days = 1 cycle)
Example: For a 30-day loan (1 cycle), the fee is calculated as Loan Amount * 0.5% * 1. For a 60-day loan (2 cycles), the fee is calculated as Loan Amount * 0.5% * 2, and so on.
The management fee accumulates based on the loan duration.
Repayment Methods:
Lump-Sum Payment: Repay the total principal and interest at the end of the loan term.
Interest-Only Payments: Pay only the interest monthly during the loan term, with the principal due at the end of the term.
Equal Monthly Installments: Pay a fixed amount of principal and interest monthly during the loan term.
Annual Interest Rate:
Borrowers can set the annual interest rate based on their needs. The interest amount will be automatically calculated accordingly.
Guarantee Services:
Fee: 20% of the total interest amount. If the fee is less than 10 USDC, a minimum fee of 10 USDC will be applied.
Deduction Method: The guarantee fee will be deducted along with the investment amount when the lender funds the loan.
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