Borrowing from Forlend

Borrowing on Forlend

Now that you have collateral, you can borrow on Forlend. To borrow, simply click the “BORROW” button and enter the amount you wish to borrow.

You can see how much you have borrowed under the “My Lend” menu bar. The default ratio of assets we can borrow is 80%, but you can manually adjust it to 100%. Whatever your collateral is can be seized to secure the loan if you are not able to pay it back.

Repaying Loans

pageWithdrawing Assets

More details on the interest rate mechanism:

pageInterest Rate Markets