> For the complete documentation index, see [llms.txt](https://docs.teller.org/v2/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.teller.org/v2/personas/borrowers.md).

# Borrowers

Teller provides DeFi power users the most optimized borrowing experience — instant, fixed-rate loans, supporting all collateral assets (ERC-20 & 721), with no price-based liquidation.

The core function to borrow assets is `submitBid()`, which enables a borrower to receive assets:

* **Instantly:** Through an instant loan request, by accepting an offer from a lender
* **Passively:** Through a loan request submission, with their own custom terms

Borrowers can make their first loan request by [Submitting a Loan Request](/v2/personas/borrowers/submit-loan-request.md).