# Propose a Lending Term

To propose a lending term, a user must submit the lending term parameters (discussed in more detail in [Lending and Borrowing](https://credit-guild.gitbook.io/introduction/borrowing/lending-terms)) as calldata to the [Lending Term Onboarding contract](https://github.com/volt-protocol/ethereum-credit-guild/blob/main/src/governance/LendingTermOnboarding.sol). 1M GUILD tokens (0.1% of total supply) are required to propose a lending term, and 10M (1% of total supply) to meet quorum during a two day voting period. There is a one day period during which the vote is in timelock and subject to veto, after which it becomes eligible for [stakers](https://credit-guild.gitbook.io/introduction/staking) to increase its debt ceiling.

The same term can only be proposed once a week, in case it has been offboarded or vetoed.

```
address collateralToken
uint256 maxDebtPerCollateralToken
uint256 interestRate
uint256 maxDelayBetweenPartialRepay
uint256 minPartialRepayPercent
uint256 openingFee
uint256 hardCap
```