# 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 %}


---

# Agent Instructions: Querying This Documentation

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Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.folks.finance/functionalities/loan.md?ask=<question>
```

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.
