# \[Proposal\]: Change loan term max limit to 90-days

**URL:** <https://forum.truefi.io/t/proposal-change-loan-term-max-limit-to-90-days/194>\
**Category:** Proposals\
**Created:** [January 11, 2021, 5:34pm UTC](https://forum.truefi.io/t/proposal-change-loan-term-max-limit-to-90-days/194 "2021-01-11T17:34:57Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Getty](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/getty/32/45_2.png) [@Getty](https://forum.truefi.io/u/Getty)\
**Post date:** [January 11, 2021, 5:34pm UTC](https://forum.truefi.io/t/proposal-change-loan-term-max-limit-to-90-days/194/1 "2021-01-11T17:34:57Z")

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**Summary**  
This TIP will change the maximum loan duration from 30-days (2678400) to 90-days (8035200).

**Background**  
On January 5th, 2020, I [posted](https://forum.truefi.io/t/loan-duration-change/174) an idea to extend the maximum loan duration from 30-days to 90-days. The community was asked to vote YES if they believed change was a good idea and vote no if they disagreed. 17 users voted YES, and 0 voted NO.

**Motivation**  
Grapefruit Trading is currently borrowing on a 30-day agreement, but we would use the protocol more if we could get the duration increased, and I believe other users feel the same way. The kind of users TrueFi is trying to attract are interested in longer agreements. Having a short duration, such as 30-days, can be a deterrent for larger users who think on a 6-12 month scale.

**Specification**  
This TIP will change the term limits by calling setTermLimits(86400 , 8035200) at [0x16d02Dc67EB237C387023339356b25d1D54b0922](https://etherscan.io/address/0x16d02Dc67EB237C387023339356b25d1D54b0922#writeProxyContract).

The first input is the minimum term length, which will be unchanged, and the second input is the new maximum term length of 90-days.

**Next steps**  
A community poll has already indicated unanimously that the idea is good, and the TIP has no changes from the idea.  
A Snapshot poll has been created and will be live for five days. If the Snapshot poll reaches a quorum of 15% by the end of the vote, the TrueFi team will execute the TIP. To learn more about how TrueFi handles their Snapshot polls, please check out their [post](https://forum.truefi.io/t/how-snapshot-governance-of-truefi-will-work/143).

[snapshot-link](https://snapshot.page/#/truegov.eth/proposal/QmQ477t7dr2fssmW6qMUGCZnBG3TejbyiCfg8Rim7j7twX)

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<div class="post-metadata">

**Author:** ![Getty](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/getty/32/45_2.png) [@Getty](https://forum.truefi.io/u/Getty)\
**Post date:** [January 12, 2021, 7:49pm UTC](https://forum.truefi.io/t/proposal-change-loan-term-max-limit-to-90-days/194/2 "2021-01-12T19:49:09Z")

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**Update**  
New Snapshot link: [Snapshot](https://snapshot.page/#/truefigov.eth/proposal/QmcHD7Efz1zVkwAJSXZrK2AM1XoyWtQuezeaC9nExHFFNU)