Cryptoloans

How it works

STEP 1


You'll need a copy of your ID, 3 months bank statements, and proof of residence After submitting your application we will review your information and send you the loan agreement contract.

STEP 2


After sending us the signed contract we can begin processing the funds to your account we will provide you with a crypto wallet that you'll need to deposit your cryptocurrency used as collateral.

STEP 3


That's it enjoy your funds. We will use your collateral growth to pay back the interest on your initial loan as soon as the contract expires we give back your collateral

Definitions

LTV

Loan-to-value (LTV) ratios are used to assess lending risk by financial institutions and other lenders before approving a loan. At Cryptoloans we use a 70% LTV ratio, Which means that we Loan you 70% of your collateral's worth. Once the loan is settled we give you your crypto back. This means you can enjoy your money while your crypto still grows

APR

The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. The APR is a broader measure of the cost to you of borrowing money since it reflects the interest rate and the fees you have to pay to get the loan at Cryptoloans we try and use a minimum APR of only 5%.

Super low interest rates

Adapted to your growth, our interest rates reduce when your collateral value decreases. For more information, go to the FAQ page.

TRUSTED PARTNERS

We have partnered with Loan24
Loan24 has been a trusted authorized financial service provider since 2019 and has helped hundreds of clients receive millions of Rands worth of loans.

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