# Credit Vaults

Credit Vaults offer a unique lending product designed to benefit both lenders and borrowers. Here's what makes them stand out:

* **Flexibility for Lenders:** Credit Vaults provide lenders with potentially better APRs and more control over their lending by leveraging withdrawal requests. 
* **Tailored for Borrowers:** Regardless of their needs, borrowers can build a Credit Vault that suits them. These perpetual loans offer fixed rates and the ability to make full repayments at any time.
* **Streamlined Onboarding:** The onboarding process remains familiar for borrowers, leveraging Clearpool's existing Permissionless Onboarding (MLA, KYC + rating) handled by Credora.
* **Permissionless or Permissioned:** Borrowers have the choice – they can opt for the openness of permissionless Credit Vaults or the added security of permissioned ones.