# Loan Service ### How will the Loaning Service work? The loan system will be done 100% manually at first, as we want to make sure no loopholes are exploited. Eventually, we plan to move on to an automated website, however, at first, we want our holders to have instant communication with us, just in case they have any questions. Your NFTs will be held in a separate hardware wallet to ensure their safety, if anything happens to your NFT, you will be refunded in FULL. ![Manual Loan System](/files/fBxGvH0jtEIprBM9ocC0) #### How will you gather the funds to pay the loans? We will take 25% of the mint earnings and put them towards the Loaning Fund. #### Project eligibility requirements * FULLY doxxed project * Stable Floor * Sustainable volume #### Terms of Service * You will receive 50% of the Floor Price value * Maximum loan length is 14 days * If the loan exceeds 14 days, your item will be sold below FP. * Any questions can be asked via Discord, and exceptions may be made if you are unable to gather the funds to pay the loan back, however, it will be unlikely as the terms are already flexible. * 1% interest rate per day (we will beat any competitor's interest rate). For example, if your loan was 3 days, you pay a 3% interest rate, 8 days, 8% interest rate, so on. This includes the days exceeding the deadline. * The loan will be paid in SOL and must be paid back in SOL. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://cupheads.gitbook.io/whitepaper/fundamentals/loan-service.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.