With DeFi loans requiring no proof of identity and instantaneous disbursements, there are clear advantages for techy savvy users looking to obtain additional capital. But, with the setbacks listed above, its safe to say that DeFi lending is current trustless at a cost.
Taking this a step further, many loan providers often have restrictions related to who they will lend to, and the amount that individual will be able to obtain. Common restrictions include age, geographic location and minimum income thresholds.