Cion User Guide
  • Getting Started
    • Overview
  • Create an account
    • Registration
    • Verify your account
  • Product Features
    • Platform Settings
      • Manage your account
      • Login and Security
      • Manage Users
      • Manage Bank Accounts
    • Funds
      • Deposit USD
      • Withdraw USD
      • Deposit Crypto
      • Withdraw Crypto
    • Exchange(US only)
      • Buy Crypto
      • Sell Crypto
    • Crypto Loans
      • Wallet setup
        • US Account
        • Canadian Account
      • Creating New Loan
        • DeFi Loan
        • CeFi Loan
        • Depositing Collateral
    • Crypto Payments
      • Creating a Payment Request
        • Email Payment Link
        • Show Payment Address
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On this page
  1. Product Features
  2. Crypto Loans
  3. Creating New Loan

DeFi Loan

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Last updated 2 years ago

1- Enter the following borrower's information to continue

  • First Name

  • Last Name

  • Email

  • Contact Number

  • Order/Invoice No.

  • Loan Amount

  • Description

  • Internal References(optional)

2- Review the loan application and if all details are correct click "Submit Application"

3- You will get a confirmation message

4- The next screen will show you the loan details.

You can see if the borrower has provided the collateral. As you can see in the example above the borrower has not yet deposited the collateral. The borrower will get an email with the loan details too and the address where they need to deposit the collateral.

Once the borrower deposits the collateral you will receive the funds in the crypto wallet that was set up in this step:

You can monitor the status on the Loans main page

Wallet Setup