Need a loan? How to borrow on Unlloo

TL;DR. If you need to borrow, don't ask strangers in messages. Post a loan request on Unlloo instead. You set the amount and the highest rate you'll pay, lenders offer at the rate they choose, you accept the offers you want, and you repay by the date you set. No collateral is needed. What lenders look at is your wallet's history, and every loan you repay makes the next one easier.

Why were you sent this page?

Probably because you asked someone for money, in a message or a reply, and they would rather point you somewhere that works than say no. A message asking for money is hard to trust: the person reading it can't see who you are, what the money is for, or whether you have repaid anyone before. Unlloo is built to answer exactly those questions, in public, so people can lend to you without guessing.

What is Unlloo?

Unlloo is a place to borrow and lend stablecoins on Ethereum without collateral. Instead of locking up crypto worth more than the loan, a borrower is judged by their wallet: how old it is, what has passed through it, and whether they have repaid before. Loans are in USDC, USDT or DAI, digital dollars that hold their value. A smart contract holds the money and enforces the terms, so nobody, Unlloo included, can take a lender's money or change a loan once it has started.

How does it work?

1. You post a request. How much you need, the highest yearly rate you'll pay, how long lenders have to make offers, and when you'll repay.
2. Lenders make offers. Anyone can offer part or all of the amount, at any rate up to your maximum. Their money waits in the contract.
3. You pick offers. When offers close you have seven days to accept the ones you want. They must add up to at least 80% of what you asked for. The money arrives in your wallet straight away.
4. You repay. Pay back any amount, any time, before the due date. Interest only counts for the days you had the money, and there's no penalty for repaying early.
5. Your record grows. Repaid on time, repaid late, or not repaid: the result is written to the blockchain, where every future lender can see it.

The only fee is 10% of the interest you pay, never of the amount you borrow. Each step costs a few cents in network fees. How Unlloo works today has the full detail.

Who is it for?

Anyone with a crypto wallet that has some history, and people who know them. Freelancers paid in stablecoins, small online businesses, people who move between countries, people a bank won't lend to, friends and family who want written terms, and communities and DAOs that lend to their own members. Who uses under-collateralized crypto loans goes through each group.

It is not a fit if your wallet is brand new, if you need cash in your local currency today, or if borrowing crypto isn't legal where you live.

What do you need before you start?

• An Ethereum wallet such as MetaMask or Rabby, ideally one you have used for a while. A wallet with a year of normal activity helps more than anything else.
• A little ETH to pay network fees. A whole loan costs well under a dollar in fees on a normal day.
• A plan to repay: the income that will pay it back, and when it arrives.
• One person who knows you and might make the first offer.

Before you post, check your reputation score. It runs from 0 to 1000 and lenders see it next to your request. A low score doesn't stop you, but it means strangers are unlikely to lend until you have a record.

What should you do as a borrower?

Five things make the difference between a request that gets funded and one that sits empty.

• Ask small. A few hundred USDC for a first loan, not your whole need. Repay it, then ask for more.
• Give lenders time. Keep offers open for one to two weeks. Requests that close in a day almost never get offers.
• Leave room on the rate. A maximum of 8% to 15% lets strangers price the risk. Your actual rate is set by the offers, and can be lower.
• Say what it's for and how you'll repay. "Stock for a December sale, repaid from sales by the 20th" beats "need money urgently".
• Start with people who know you. Ask a friend, colleague or client to make the first offer, then share your request link where people know you. One offer brings the next.

And the most important one: repay on time. A repaid loan is the thing that turns you from a stranger into someone people lend to. How to request a loan that lenders fund covers each setting in detail, with real examples.

What happens if you don't repay?

Nothing is taken from you, because there is no collateral, but the default is public and permanent on your wallet. Every future lender on Unlloo, and anyone else who looks, will see it. Lenders lose what they lent, and you lose the one thing that makes people lend to you. Only borrow what you are sure you can pay back. What happens if you don't repay a crypto loan explains more.

How do you start?

Open the Unlloo app, connect your wallet, fill in the request, and publish it. Then send the link to the people who know you, not to strangers. If you are on the other side, the person who was asked for money, how to check a borrower's wallet shows what to look at before you offer.

Sources

1. Unlloo's CrowdLoanManager contract on Etherscan, read on 1 November 2026. The 80% acceptance rule, the seven-day selection window, the 10% fee on interest and the supported stablecoins.
2. Unlloo, "What does a loan cost on Ethereum mainnet?", 28 October 2026. Network fees for a whole loan.
3. Unlloo, "How to request an under-collateralized crypto loan that lenders fund", 31 October 2026. The first-request settings and what the first requests on Ethereum got.