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Loan Basics

Loan Properties

Every GONDI loan has:

  • Principal Amount: Loan size (in WETH or USDC)

  • Gross APR: Annual percentage rate

  • Due Date: Repayment deadline to avoid default

  • Origination Fee: Optional upfront fee (deducted from principal)

  • Collateral: Your NFT (ERC-721s, ERC-1155s, legacy ERC-721s)

Pro Rata Interest

Interest only accrues while your loan is active. Repay early to save on interest costs - no penalties for early repayment.

Loan Example

Gondi Loan without refinancing

How Loans Work

  1. Browse: List your NFT to see available offers

  2. Select: Choose loan amount and terms - GONDI automatically finds the cheapest combination

  3. Receive Funds: Get principal minus any origination fees; your NFT goes to escrow

  4. Repay: Pay back principal plus interest before due date to retrieve your NFT

  5. Default: If unpaid by due date, lenders can claim your NFT through liquidation

Repayment Rules

  • Full repayment only: Must pay principal + all accrued interest at once

  • No partial payments: Installments not supported

  • Anytime before due date: No early repayment penalties

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