Applying for a Loan

Credie makes accessing credit as seamless as connecting a wallet. Every loan issued is backed by real-time scoring, adjustable terms, and transparent smart contracts, no paperwork, no middlemen.

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🚀 Step-by-Step Loan Flow

    A[Connect Wallet] --> B[Score Retrieval]
    B --> C{Loan Eligibility Check}
    C -- Eligible --> D[Select Loan Terms]
    D --> E[Smart Contract Agreement]
    E --> F[Loan Disbursed]
    C -- Ineligible --> G[Score Improvement Tips]

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🧾 Key Inputs

When applying for a loan, users can configure:

Field	Description	Required
Loan Amount	Requested USDC or stablecoin value	✅
Repayment Term	Duration: 7d, 14d, 30d, 60d	✅
Repayment Method	On-chain wallet, auto-debit from vault yield	✅
Use of Funds	(Optional) Self-declared purpose (e.g. education)	⛔

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📊 Smart APR Calculation

Credie’s APR is dynamic and personalized.

    A[Credie Score] -->|High| B[APR ↓]
    A -->|Low| C[APR ↑]
    D[Vault Liquidity] --> B
    D --> C
    E[Term Length] --> B
    E --> C

APR = Base Rate + Risk Premium – Reputation Discount + Term Factor

Example:

• Base rate: 3%

• Risk premium (due to score): +2%

• Reputation discount (early repayment bonus): -1.5%

• Term factor (longer term): +2%

→ Total APR: 10.5%

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🔐 Collateral vs Undercollateralized

Credie supports undercollateralized loans for verified users.

Type	Requires Collateral?	Conditions
Starter Loan	No	Score > 60, identity link, low loan cap
Collateral Loan	Yes	Any score; higher limits available
Social-Trust Loan	No	Requires 2+ wallet verifications

All loans are non-custodial and fully on-chain.

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📱 Mobile-Friendly UX

Credie loans can be taken directly from mobile devices using wallet apps like Phantom, Backpack, or MetaMask Mobile.

    A[User Wallet] --> B[Credie Portal]
    B --> C[Loan Contract Deployment]
    C --> D[Funds Sent to Wallet]

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🕒 Repayment Timeline Visual

    dateFormat  YYYY-MM-DD
    title Credie 30-Day Loan Repayment Timeline

    Application        :done,   des1, 2025-07-01, 1d
    Disbursement       :done,   des2, 2025-07-02, 1d
    Grace Period       :active, des3, 2025-07-02, 5d
    Interest Accrual   :        des4, 2025-07-07, 20d
    Repayment Window   :        des5, 2025-07-27, 3d

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📬 What Happens After Application

• ✅ Funds are sent to your wallet instantly

• 🧠 Your score updates based on repayment

• 🧾 You’ll receive optional reminders for due dates

• 🔄 Early repayment = better rates in future