P2P Lending
Borrow & Lend Stellar Assets
How to borrow?
1) First, find a lend application that fits your needs. Go to the lend application page and press the "New Application" button. After you submit the application to Stellar network, it should appear on the website.
If you haven't found the application, you can create a loan application with desired parameters.
2) Wait for an offer from the lender. To make the waiting easy for you, we created a Telegram bot that will notify you when you'll receive an offer.
3) Review the offer and accept it by signing the contract. As soon as the contract is submitted to the network, you'll receive the borrowing amount to your Stellar account as a claimable balance.
4) Repay the loan in time according to the contract.
5) After the loan term comes to an end, you'll receive your collateral back as a claimable balance.
How to repay a loan?
There are two options for how to repay a loan:
1) Visit the loan page and press the "Repay" button.
2) Send the payment directly to the escrow account for your loan. Be very careful with this method. Make sure you send the correct amount and send it in time.
I forgot to repay the loan in time. Can you help me?
No. P2PStellar is merely a marketplace. We do not take custody of your funds at any point. The failure to repay the loan will result in collateral loss.
The website is down. Does this affect my loan(s)?
No. According to the contract you signed, you still have to repay the loan(s) in time.
If the website is down, you must manually send the payment to the loan's escrow account. So please save the escrow account address somewhere safe.
Also, it's good to save the XDR for the repay transaction. In that case, you'll be able to submit it to the network manually if needed.