Getting Loan Information

Check the loan offers

  1. Go to the market that you are interested in

  2. Evaluate the market rules which are laid out in the top right corner

  3. Check if there are active loan requests available in the Loan Requests Tab

  4. Look for any documentation available for the loan

  5. Analyze the loan terms & decide if you want to lend

Lenders can get more information on a borrower loan request through additional functionality on the Teller V2 protocol contracts.

Get additional loan documents

To view the supporting documents submitted as part of a borrower's loan request, lenders can call the getMetadataURI function for a specific bidId, which returns a URI that links to all the information the borrower has provided.

Check a loans status

If a lender wants to inquire a given loan's status, the isPaymentLate method returns a boolean indicating if a loan is behind on payments or not.

Similarly, lenders can check the last time a borrower has made a payment through the lastRepaidTimestamp, and if the loan is defaulted through the isLoanDefauted method.

Liquidate a defaulted loan

If a borrower has defaulted on a loan, lenders can liquidate the loan by simply calling the liquidateLoanFull function, which then terminates the loan according to the respective market rules.

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