Request a Loan
Borrow USDC without collateral based on your Trust Score.Before You Start
Check your eligibility:You can check your exact borrowing limit in the app under Dashboard > Loans.
Step-by-Step Guide
1
Go to Loans
Navigate to Dashboard > Loans
2
Check Your Limit
You’ll see your borrowing capacity:
3
Click Request Loan
Click the Request Loan button
4
Enter Loan Details
Fill in the form:
- Amount: How much you want to borrow (up to your limit)
- Duration: 7-90 days (based on your tier)
- Purpose: Optional but recommended
5
Review Terms
Review the loan terms:
6
Confirm and Sign
Click Confirm Loan and sign with your wallet
7
Receive Funds
Funds are sent to your wallet instantly!
Understanding the Costs
Insurance Fee
A 10% insurance fee is deducted upfront:The insurance fee funds the Insurance Pool that covers defaults, protecting lenders.
Interest Rate
Interest is based on your Trust Score:Example Calculation
Borrowing Limits by Tier
Level Bonuses
Higher levels get bonus limits:Repayment
You’ll need to repay the loan by the due date:On-Time
+2 Trust Score points
No penalties
Early
Save on interest
+3 Trust Score points
Late
-5% Trust Score
Grace period of 7 days
Default
-30% Trust Score
90-day borrowing ban
Tips for Success
Start Small
Start Small
Take a small loan first ($20-50) to build repayment history. Each on-time repayment adds +2 points.
Set Reminders
Set Reminders
Enable notifications to get reminded before your loan is due.
Repay Early
Repay Early
No penalty for early repayment. Pay early to save on interest and get bonus points.
Keep USDC Ready
Keep USDC Ready
Make sure you have USDC in your wallet before the due date.
Cancel a Loan Request
If your loan is still pending (not yet funded):- Go to Dashboard > Loans
- Find the pending loan
- Click Cancel
- Confirm cancellation
FAQ
Why did I receive less than I requested?
Why did I receive less than I requested?
The 10% insurance fee is deducted upfront. If you request 90.
Can I have multiple loans?
Can I have multiple loans?
Yes, up to 3 active loans at once.
What happens if I can't repay?
What happens if I can't repay?
Contact us before defaulting. We offer extensions and payment plans for eligible users.
Where do the funds come from?
Where do the funds come from?
Loans are funded by the Trust Vault, where users stake USDC to earn yield.
Next Steps
Repayment Guide
How to repay your loan
Improve Trust Score
Increase your borrowing power