Loan Request Flow The P2P lending process in usmewe is designed to be simple, transparent, and instant.
Overview ┌─────────────────────────────────────────────────────────────────┐ │ 1. REQUEST 2. MATCH 3. FUND 4. USE │ │ ───────────────────────────────────────────────────────────────│ │ User submits → System finds → Funds sent → Borrow │ │ loan request best rates instantly & repay │ └─────────────────────────────────────────────────────────────────┘
Step 1: Check Eligibility Before requesting a loan, verify your borrowing limits:
Trust Score Minimum score of 10 required to borrow
Active Loans Maximum 3 active loans at once
// Check your borrowing eligibility const eligibility = await usmewe . loans . checkEligibility (); // Response { "eligible" : true , "maxAmount" : 100 , "maxDuration" : 30 , "currentLoans" : 1 , "trustScore" : 56 }
Step 2: Submit Request Create a loan request with your desired parameters:
Parameter Description Constraints amountUSDC amount Based on Trust Score tier durationLoan term in days 7-90 days purposeReason for loan Optional but recommended
const loanRequest = await usmewe . loans . create ({ amount: 50 , duration: 14 , purpose: "Emergency expense" }); // Response { "requestId" : "loan_req_abc123" , "status" : "pending" , "amount" : 50 , "duration" : 14 , "interestRate" : 0.03 , // 3% "totalRepayment" : 51.50 , "expiresAt" : "2024-01-15T12:00:00Z" }
Step 3: Automatic Matching The system automatically matches your request with available liquidity:
Trust Vault Check
System checks if Trust Vault has sufficient liquidity
Rate Calculation
Interest rate calculated based on utilization and your Trust Score
Insurance Fee
10% of loan amount reserved for Insurance Pool
Instant Funding
Funds transferred to your wallet immediately
Step 4: Receive Funds Once matched, funds are sent instantly to your connected wallet:
// Loan funded event { "event" : "loan.funded" , "loanId" : "loan_xyz789" , "amount" : 50 , "netAmount" : 45 , // After 10% insurance fee "walletAddress" : "0x..." , "txHash" : "0x..." , "repaymentDue" : "2024-01-29T12:00:00Z" }
The 10% insurance fee is deducted upfront. If you request 50 , y o u r e c e i v e 50, you receive 50 , yo u rece i v e Interest Rates Interest rates are dynamic based on:
Factor Impact Trust Score Higher score = lower rate Vault Utilization Higher usage = higher rate Loan Duration Longer term = slightly higher rate Level Bonus Gold+ levels get rate discounts
Rate Tiers Trust Score Base Rate 10-30 5% 31-50 4% 51-70 3% 71-85 2% 86-100 1%
Loan States Your loan can be in one of these states:
pending → funded → active → repaid ↓ overdue → defaulted
State Description pendingRequest submitted, awaiting funding fundedFunds sent to wallet activeLoan in progress repaidSuccessfully repaid overduePast due date, grace period defaultedNot repaid within grace period
Cancellation You can cancel a pending loan request before it’s funded:
await usmewe . loans . cancel ( "loan_req_abc123" );
Once a loan is funded, it cannot be cancelled. You must repay the full amount.
Next Steps 
