📎Borrow

Asset Originators can borrow capital from the lending pools on Qiro marketplace. AOs will pledge real world assets to avail on-chain financing. Based on the underwriting decision a lending pool would be created on the Qiro marketplace. Interested to Borrow: https://tally.so/r/mOPjJp

Every lending pool will have following attributes Borrowing Limit - The limit for borrowing in USD. Interest rate - interest rate for different tranches depending on the risk factor. Repayment frequency - Frequency of repayments. Term of the loan - Full period of the loan. E.g 90 days, 1 year etc Late Repayment fees - Penalty for late repayment. e.g 5% extra interest