> For the complete documentation index, see [llms.txt](https://docs.folks.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.folks.finance/functionalities/loan.md).

# Loan

{% embed url="<https://youtu.be/5oQksLDpuvM>" %}
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
{% endembed %}

## Create a new loan

{% embed url="<https://youtu.be/f1OOMBZdQyk>" %}
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
{% endembed %}

1. Go to the Loans page. Here in Your loans table, click on + Create new loan. A modal will appear.
2. Type in the name of your loan.
3. Choose a loan type between [General, Stablecoin efficiency, or ALGO efficiency](/architecture/loan-types.md).
4. Click on Create loan.
5. Sign with your wallet.

{% content-ref url="/pages/Byz05h0ahesKkpOqGYj2" %}
[Collateral](/functionalities/loan/collateral.md)
{% endcontent-ref %}

{% content-ref url="/pages/bxvOLXMXQA89bwvgO2Iy" %}
[Borrow](/functionalities/loan/borrow.md)
{% endcontent-ref %}

{% content-ref url="/pages/eyo4Tt8S4r4ydTHDQFeR" %}
[Loan types](/architecture/loan-types.md)
{% endcontent-ref %}


---

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