> For the complete documentation index, see [llms.txt](https://docs.ibis.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ibis.app/getting-started/onboarding.md).

# Lending

## Overview

Ibis approves a lender's wallet for a facility after verification and signature of its Master Lending Agreement. Approval and onchain access apply only to that facility.

The figures shown in the apps and described here are informational. The Master Lending Agreement governs amounts, dates, defaults and remedies.

## Prerequisites for lending

| Requirement                       | What you provide or complete                                                                      |
| --------------------------------- | ------------------------------------------------------------------------------------------------- |
| Basic information                 | Whether you lend as an individual or through an entity, and basic details about you or the entity |
| Identity or business verification | KYC (know your customer) for an individual; KYB (know your business) for an entity                |
| Investor qualification            | Confirmation that you meet the qualification that applies to the facility                         |
| Master Lending Agreement          | Your signature on the agreement for that facility                                                 |
| Wallet approval                   | Approval of the wallet you will use on that facility                                              |

Participation is set per facility and shown on the facility page. Individual participation is available only where that facility permits it.

## Verification for a facility

Verification applies to the facility you choose. Your submission is reviewed, and you may be asked for additional information.

| Verification                  | Information categories                                                             |
| ----------------------------- | ---------------------------------------------------------------------------------- |
| Business verification (KYB)   | Business identity, signatories, activity, financial information and stakeholders   |
| Individual verification (KYC) | Personal information, identity, address, financial information and liveness checks |

## After verification

### The Master Lending Agreement

You sign the facility's Master Lending Agreement before your first deposit. A tranched product has one agreement covering all its term facilities. A new agreement version requires a new signature.

### Access to a facility

Verification alone gives no facility access or wallet approval and does not replace the agreement. The approved-address registry records approvals onchain, and each facility checks access for itself.

[Eligibility, compliance and agreements](/getting-started/compliance-perimeter.md) explains wallet checks, held payouts and how agreements, onchain state and this documentation relate.