Personal Experience with Huma Finance Small Loans: How is it Better than Credit Cards?

Last week, I urgently needed to rotate $500 and accidentally discovered Huma Finance's newly launched small loan feature. With a try-and-see mindset, I applied, and the entire process took only 7 minutes, much faster than cashing out a credit card!

The whole process was particularly simple: after connecting my wallet, the system automatically scanned my on-chain activities—including previously staked $HUMA, stablecoin trading records, and even my NFT holdings. Two minutes later, I was given a credit limit of $1,000 with an annualized interest rate of 15%. I tried borrowing 500 USDC, choosing a 3-month installment, and the gas fee was only $0.3.

What surprised me the most was the repayment method. The system supports automatically selling part of the staked $HUMA to repay the loan, completely eliminating worries about overdue payments. Moreover, there are no penalties for early repayment, which is much more considerate than traditional banks.

Now I have kicked the habit of cashing out my credit card. Although the limit is still not large, this experience of borrowing and repaying on demand really subverts traditional finance. I recommend beginners start with small amounts of $200-500, as on-chain borrowing still requires caution. @Huma Finance 🟣 #HumaFinance $HUMA