Pigeon allows for a wide range of loan configurations, with flexible bounds for loan details such as principal amount, term length, and interest rate.
To go along with these configurations, you can further customize your loan by delaying repayments or even creating a custom repayment schedule for you and your loan partner.
For any loan made on our platform, we allow for:
- Minimum Principal Amount: $1 USD
Maximum Principal Amount: $500,000 USD
- Minimum Term Length: 2 Months
Maximum Term Length: 84 Months
- Minimum Interest Rate: 0%
Maximum Interest Rate: 35%
For tips on selecting the right interest rate and avoiding potential usury troubles, read our blog post.