Fees
CollaFi displays applicable platform fees before you confirm a transaction. Hedera network fees may apply separately.
Fee overview
| Transaction | Fee | Paid by | When |
|---|---|---|---|
| Offer creation | 2-5 HBAR per offer | Lender | When an offer is submitted |
| Loan acceptance | 1.75% of principal | Borrower | When an offer is accepted |
| Lender interest | Commonly 3%-6% of principal | Included in borrower repayment | After repayment |
| Platform interest | Commonly 1%-2% of principal | Included in borrower repayment | During repayment settlement |
| Default claim, principal up to 500 HBAR | 5 HBAR | Lender | When claiming the NFT |
| Default claim, principal 501-1,000 HBAR | 10 HBAR | Lender | When claiming the NFT |
| Default claim, principal 1,001-1,500 HBAR | 15 HBAR | Lender | When claiming the NFT |
| Default claim, principal 1,501 HBAR or more | 20 HBAR | Lender | When claiming the NFT |
Fees and interest settings can vary by collection. The amounts shown in the transaction confirmation are authoritative for that transaction.
Lender fees
Offer creation
An offer creation fee is charged when you submit an offer, even if that offer is never accepted. The fee can vary according to the collection's platform configuration and partnership terms.
Example: If you create a 1,000 HBAR offer with a 3 HBAR offer fee, the total wallet approval is 1,003 HBAR.
Interest earned
Each collection has a total interest rate. Part goes to the lender and the remainder is platform interest. The split is shown before an offer is created.
Example: For a 1,000 HBAR loan with 5% total interest, where 4% belongs to the lender and 1% is platform interest:
- Borrower repayment: 1,050 HBAR.
- Lender claim: 1,040 HBAR, consisting of 1,000 HBAR principal and 40 HBAR interest.
- Platform interest: 10 HBAR.
Default claim
The default claim fee is a fixed HBAR amount determined by the loan's original principal. If several defaulted NFTs are claimed together, the confirmation shows the combined fee before approval.
Borrower fees
Loan acceptance
The borrower pays 1.75% of the principal when accepting an offer. This fee reduces the net HBAR received.
Example: On a 1,000 HBAR principal:
- Acceptance fee: 17.5 HBAR.
- Net amount received: 982.5 HBAR.
Repayment interest
Repayment consists of the original principal plus the collection's total interest. The platform handles the lender and platform split automatically.
Example: A 1,000 HBAR loan at 5% total interest requires a repayment of 1,050 HBAR.
Default
CollaFi does not charge the borrower an additional default fee. The consequence of default is the loss of the NFT collateral.
Warning: Always use the amounts shown in the live confirmation screen. Collection settings may differ from the examples in this guide.