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For Borrowers

Why borrow from TrueFi?
Approved borrowers can borrow without collateral. By borrowing and repaying loans on time, borrowers build trust with TRU holders and position themselves to obtain larger loans and lower interest rates from the protocol moving forward.
How do I apply to become a borrower on TrueFi?
Currently, we only allow institutional borrowers with at least $10 million in net unencumbered assets to borrow on the TrueFi platform. As TrueFi heads down the path of progressive decentralization, TrueFi will continue to iterate on the borrower onboarding process. The current onboarding process is as follows:
1.Visit https://truefi.io/borrow and click 'Apply Now' to complete the New Borrower application.
2.Next, complete KYC/AML check via the TrustToken app. When asked for the purpose of your account, please select 'Other' and check the box for Applying as a TrueFi Borrower.
3.Sign a Master Loan Agreement, provided by TrueFi.
4.Complete a credit review, coordinated by TrueFi.
5.Once all the above steps are completed, your Ethereum address that you provided in Step 2.
6.At this point, everything else going forward happens on-chain and will require you to use Metamask or another non-custodial wallet to interact with our smart contracts. You will create a loan request via the TrueFi protocol (app.truefi.io/borrow -- only accessible once your ETH address is whitelisted), where TrueFi stakers will stake for, or against, the loan. If the loan is approved, the borrower will be able to withdraw funds. Please read about the Loan Approval Process for more details.
Steps 2, 3 and 4 can happen in parallel.
What is the credit review and how is it conducted?
TrustToken conducts an analysis of the borrower to determine credit quality and ensure adequate credit support exists for the benefit of the protocol’s lenders. As TrueFi is an unsecured lending protocol, it is critically important to understand the financial capabilities of our borrowers both in a normal and stressed environment due to systemic fallout and/or exogenous shock. 
From a financial perspective, TrustToken is focused primarily on available liquidity in the form of unencumbered liquid assets and collateral coverage that may range from 10.0 - 15.0x the total loan amount. It is required that the borrower present evidence to support this attestation in the form of financial statements or other similar documentation. In addition to these credit statistics, TrustToken will ask the borrower a range of qualitative questions that are equally important such as legal jurisdiction, hedging strategies, history of corporate restructurings and other critical inputs to the analysis. 
After the loan is funded, the borrower is required to maintain credit compliance during the term of the loan by periodically updating the analysis. TrustToken performs a good faith, equitable credit review bringing best-in-class borrowers to the protocol. All information provided by the borrower for the purpose of this credit review remains strictly confidential and in the sole possession of TrustToken.
How do I create loan applications? 
You can create loan applications by visiting the TrueFi app after successful onboarding and address whitelisting. You will then need to connect the whitelisted ETH address via MetaMask. Once you are connected, you will see the Borrow tab in the menu. Click on this tab and you’ll be brought to the Borrow page where you can select Apply for a new loan.
How do loans get approved? 
Learn more about the loan approval process here. 
How do I withdraw once a loan has been approved?
Head to the Borrow tab in the TrueFi app. Navigate to the loan you wish to fund and click Fund. After the loan is funded, you can withdraw the loan amount to your wallet by clicking Withdraw.
How do I repay the loan application? 
Head to the Borrow tab in the TrueFi app and click Repay on the respective loan. Click on Max to view the total amount due and complete the transaction.

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Outline

Why borrow from TrueFi?

How do I apply to become a borrower on TrueFi?

What is the credit review and how is it conducted?

How do I create loan applications?

How do loans get approved?

How do I withdraw once a loan has been approved?

How do I repay the loan application?