Collateralized Loan Contract

Project Description: Collateralized Loan Smart Contract

This project implements a collateralized loan system on the Ethereum blockchain using Solidity. The contract allows a borrower to secure a loan by providing collateral, which the lender can claim if the borrower fails to repay the loan within the agreed-upon timeframe. The loan comes with an interest rate, which is added to the original loan amount. The contract ensures that the loan is repaid with the applicable interest before the due date or else the collateral is forfeited to the lender.