Skip to main content
All CollectionsCrypto-Backed Loans
What happens after I accept an offer for a Crypto-Backed Loan?
What happens after I accept an offer for a Crypto-Backed Loan?

Explaining the process happening on Lenme once a borrower accepts a lender's offer on funding the Crypto-Backed Loan.

Updated over 2 months ago

Once you find the best offer, click “Accept” under the offer that you prefer.

  • After you accept the offer, Lenme will transfer the Cryptocurrency.

  • Once the loan agreement is signed by both lender and borrower, the transfer of funds will be initiated.

  • The monthly installment to pay back the loan will be withdrawn from your bank account on a monthly basis and transferred to the lender's account

    .

  • Once loan is fully paid back, Lenme will return your crypto back to your wallet.

Did this answer your question?