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

# For Borrowers

This guide explains how businesses interact with Trilobyte to obtain and repay loans.

## Getting a Loan

### 1. Find a Pool Manager

Borrowers work with an approved **Pool Manager** who will:

* Evaluate your business and cash flows
* Perform due diligence and risk assessment
* Structure the loan terms (principal, rate, term, split ratio)
* Create the vault on your behalf

{% hint style="info" %}
Loan terms are negotiated **off-chain** between you and the Pool Manager. The agreed terms are then encoded into a Vault smart contract.
{% endhint %}

### 2. Wait for Funding

Once the vault is created, it enters the **RaisingFunds** phase. Investors deposit funds until the full principal is raised. You don't need to do anything during this phase.

### 3. Receive Disbursement

When the vault is fully funded, the Pool Manager approves and disburses the loan. The full principal amount is transferred directly to your wallet address.

## Making Repayments

Once your loan is active, you make periodic repayments:

* Payments are due every **30 days**
* The payment amount is the calculated **EMI** (Equated Monthly Instalment) — a fixed amount covering principal and interest
* Anyone can submit a payment on your behalf via `receive_payment(payer, amount)`

### What happens to each payment

1. Your payment is **split** by the vault's **split ratio**:
   * **EMI pool** (e.g. 80%) → available for investors to claim as yield
   * **Cash pool** (e.g. 20%) → available for you to withdraw
2. The **0.5% protocol fee** is then taken from **your cash share** (never the investor/EMI share) and sent to the treasury.

{% hint style="info" %}
Because only the EMI share counts toward repaying the loan, the amount due each period is **grossed up** so that `split_ratio%` of it equals one full investor instalment. The app shows you the exact amount to pay.
{% endhint %}

### Staying on schedule

* Make payments **before the due date** to avoid late fees
* If you miss a payment, the Pool Manager can apply an **18% p.a. late fee**
* After the **grace period** (default 30 days), anyone can trigger **default**

{% hint style="danger" %}
Default has serious consequences — the Pool Manager's collateral is slashed and the vault enters a distressed state. Always communicate with your Pool Manager if you're having difficulty making payments.
{% endhint %}

## Withdrawing from the Cash Pool

During the **Active** and **FullyRepaid** phases, you can withdraw your portion of repayments from the cash pool:

* Call `withdraw_cash(amount)` to withdraw available funds
* The cash pool balance is your share of incoming repayments (based on the split ratio)
* You can withdraw any amount up to the current cash pool balance

## Renegotiation

If your circumstances change and you need adjusted terms, work with your Pool Manager:

* The manager can propose **new interest rate and/or loan term**
* If approved, the EMI is recalculated on the **remaining outstanding principal**
* Payment tracking resets with the new schedule
* This can be done from both the Active and Defaulted phases

## Loan Completion

When all EMI payments are made:

1. The vault transitions to **FullyRepaid**
2. You can withdraw any remaining funds from the cash pool
3. The vault eventually moves to **Finalized** (terminal state)

## Key Functions

| Function                         | Description                          |
| -------------------------------- | ------------------------------------ |
| `receive_payment(payer, amount)` | Make a loan repayment                |
| `withdraw_cash(amount)`          | Withdraw from the cash pool          |
| `get_config()`                   | View vault terms and current phase   |
| `get_outstanding()`              | Check remaining principal            |
| `get_next_due()`                 | See next payment due date            |
| `get_emi()`                      | View the EMI amount                  |
| `get_cash_pool()`                | Check available cash pool balance    |
| `get_payments_made()`            | See how many payments have been made |


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

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

```
GET https://docs.trilobyte.finance/user-guides/for-borrowers.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

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.