Accepting loan offers
Accepting offers allows borrowers to agree to the loan terms proposed by lenders. Once a lender makes an offer on your listed NFT, you have the option to review and accept the offer, initiating the loan process. This guide provides a step-by-step walkthrough of how to accept offers on NFTfi.
Navigate to 'Get a Loan', then 'Offers received'. Here, you'll see all the loan offers made by lenders. Select the NFT you want to review offers for to view the listing.
On the listing page, you can review the terms of all offers and then choose the one that best suits your needs.
Click on 'Accept Offer' for your chosen loan.
If you agree with the terms of the loan, click ‘Yes’, and then ‘Sign’ on the next popup.
Confirm the transaction in your wallet. This will transfer your NFT to the NFTfi escrow contract and credit the loan amount to your wallet.
After confirming the transaction, you can check the status of your loan in the 'Loans' section of your profile. The loan status should now show as ‘Escrow’.
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