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# sigmafi
  • o
    Youre
  • o
    Not to get political i just dont know if dude or not
  • c
    Does it matter? I find Capt. and/or Nemo works fine in the absence of a gender neutral, third-person pronoun.
  • o
    (re @anon1111 : Your the man/woman) Nemo is a capt.
  • o
    I’m just a salty pirate, sirs
  • w
  • o
    (re : [reply]: Does it matter? I find ...) yea agree
  • o
    When is the interest of the loans repaid?
  • o
    Same time as the loan
  • o
    So using this example.. In 14 months, to get the ERG back repayment to lender will be 1950 SigUSD?

    https://cdn.discordapp.com/attachments/1064130660027080824/1110849814796718090/file_117353.jpg▾

  • o
    2050 but yeh
  • o
    2050?
  • o
    1600+450
  • o
    Oh my bad, yeh you’re right
  • o
    1950
  • o
    Must be all the sun your getting making you head funny butt
  • o
    Not used to it.
  • o
    Aye roasting 😅

    https://cdn.discordapp.com/attachments/1064130660027080824/1110850355442503730/file_117354.jpg▾

  • o
    Loan can be repaid early I assume? Is the interest then a faction of the total interest if paid early?
  • o
    Damn its supposed to be nice this week tho wtf, was raining yesterday
  • o
    Aye.. Was rough yesterday.
  • o
    (re @HelixEvo : Loan can be repaid early I assume? Is the inte...) Can be repaid early yeh, interest is given as a % so yeh presumably.
  • o
    So it’s a fixed percentage of the amount - so probably no reduction based on time actually https://sigmafi.gitbook.io/sigmafi-docs/quick-start-guide/creating-a-loan-request
  • o
    Fuck me.. Is there a video? 😋
  • o
    Actually thats not bad a guide
  • o
    Maybe this? Haven’t watched

    https://www.youtube.com/watch?v=IzhDb2JbBag▾

  • o
    Tidy. Thanks
  • c
    Loan can be repaid early, but you pay total value, not proportional to time.
  • o
    What if the collateral value goes below the loan amount?
  • c
    That's a risk you need to factor in when you agree to the loan.