How can I borrow in Cycloan?
Created by: Priyadarishini J
Modified on: Wed, 30 Dec, 2020 at 6:55 AM
- Get verified – To become a borrower, you must be verified, therefore, the platform asks for a set of documents that needs to be submitted and verified
- Loan quotation – once you are verified, you can fill out a loan quotation with interest rates that fit your fund requirements. A personalized smart contract is created in the blockchain and it includes all details.
- Marketplace - The project details with the bid equivalent of the funds and interest rate details are posted in the Cycloan marketplace. Lenders from all over the world bid for your project and the suitable lender will be matched to your project loan by Cycloan marketplace. A personalized smart contract is created in the blockchain and it includes all details.
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