How to Borrow

Create loan terms that match your needs.

Here is what you need to know to create your loan terms:

• Principal Amount: How much you are looking to borrow.

• APR: The annualized interest rate you are willing to pay.

• Duration: The duration of the loan. Kettle currently supports loans up to 1 year.

• Listing Expires In: Your loan listing’s duration. (The amount of time your terms will be displayed for lenders to see)

• Repayment: The total that will be due at the day of loan expiration.

• Fee: Kettle currently charges an annualized 5% fee on all loans, collected at loan repayment

• Net Principal: How much you will receive for your loan (Principal - Fee)

Things To Know When Borrowing:

• Watches considered liquid (there is high demand for them in the buy/sell market) will typically receive higher LTVs with lower interest rates. Historically, lenders on Kettle have provided loans ranging from 30% - 60% LTV (loan-to-value) of the watch's market value.

• If your watch is highly specialized, you may see loan offers with lower LTVs and higher interest rates as liquidation markets are smaller.