> For the complete documentation index, see [llms.txt](https://docs.pine.loans/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pine.loans/pine-features/bid-now-pay-later.md).

# Bid Now Pay Later

Built on top of Pine Now Pay Later to enable users to place bids instead of taking market offers directly. With this feature, users are able to place a bid for a particular NFT without holding the equivalent amount of ETH in their wallets. A bid can be placed via our smart contract with margin in a fraction of the total amount. Whenever a user places an active bid via Pine, a loan is granted against the ETH margin to finance the leverage bid. After the acquisition goes through, the loan would become a regular Pine loan with the NFT serving as collateral.


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