How Do I Lend?
As you know, any person registered on LendaBit.com can become a borrower or a lender by simply tapping a toggle switch in the lower-right corner.
Tap the “LEND” button in the upper-right corner.
Now you are in the Lending Dashboard. You can choose among three options:
1. LEND INTO LOAN POOL
The page contains a list of predefined loan offers with standardized terms and conditions.
Choose any to your liking, lend funds and earn interest.
2.REVIEW LOAN REQUESTS
Here you can find individual loan requests placed by different borrowers. You can select the one most beneficial for you. Additionally, you can set filters and find any Loan Request to your liking.
Save your time and earn interest by simply tapping “LEND.”
3. MAKE A LOAN OFFER
You can make your own Loan Offer, where you define all terms and conditions by yourself.
Specify the amount you want to lend, loan currency, collateral currency, loan term and interest rate. User interface is incredibly easy-to-understand and the whole process is fully automated and calibrated.
Please note that borrowers will need time to review your Loan Offer and accept it if they find the terms appealing.