> For the complete documentation index, see [llms.txt](https://docs.lendbit.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lendbit.finance/lending-on-lendbit/setting-lending-terms.md).

# Setting Lending Terms

When creating a lending pool, you can customize the lending terms to suit your preferences. This flexibility allows you to determine:

* **Interest Rates**: Fixed or variable, depending on market conditions.
* **Loan Size Limits**: Specify the minimum and maximum loan amounts a borrower can request from your pool.
* **Duration**: You can set the duration of loans based on your risk tolerance and market strategy.