Getting Loan Information
- 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.
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./**
* @notice Gets the metadataURI for a bidId.
* @param _bidId The id of the bid to return the metadataURI for
* @return metadataURI_ The metadataURI for the bid, as a string.
*/
function getMetadataURI(uint256 _bidId)
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./**
* @notice Checks to see if a borrower is delinquent.
* @param _bidId The id of the loan bid to check for.
*/
function isPaymentLate(uint256 _bidId)
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./**
* @notice Returns the last repaid timestamp for a loan.
* @param _bidId The id of the loan bid to get the timestamp for.
*/
function lastRepaidTimestamp(uint256 _bidId)
/**
* @notice Checks to see if a borrower is delinquent.
* @param _bidId The id of the loan bid to check for.
*/
function isLoanDefaulted(uint256 _bidId)
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./**
* @notice Function for users to liquidate a defaulted loan.
* @param _bidId The id of the loan to make the payment towards.
*/
function liquidateLoanFull(uint256 _bidId)
Last modified 4mo ago