# 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](https://docs.folks.finance/architecture/loan-types).
4. Click on Create loan.
5. Sign with your wallet.

{% content-ref url="loan/collateral" %}
[collateral](https://docs.folks.finance/functionalities/loan/collateral)
{% endcontent-ref %}

{% content-ref url="loan/borrow" %}
[borrow](https://docs.folks.finance/functionalities/loan/borrow)
{% endcontent-ref %}

{% content-ref url="../architecture/loan-types" %}
[loan-types](https://docs.folks.finance/architecture/loan-types)
{% endcontent-ref %}