Getting Loan Information
Last updated
Last updated
Go to the market that you are interested in
Evaluate the market rules which are laid out in the top right corner
Check if there are active loan requests available in the Loan Requests Tab
Look for any documentation available for the loan
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.
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.
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.
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.