Crypto Loans No Collateral. Terms from 3 to 12 months. Interest rates from 5.95% *.
As a rule, you can count on being able to use bitcoin, ethereum, and litecoin as crypto collateral for a loan. In december, the trading platform uphold announced a deal with salt lending to provide its users with fiat and stablecoin loans using crypto as collateral. For a loan of $1000, you need 0.045818 bitcoin as collateral.
The lenders accept the loan requests either manually or via automated processing, and they provide the funds to the borrowers.
That is also the reason why interest rates are relatively low compared to, for example, payday loans. If the borrower is not paying, then the collateral will get liquidated. Get approved in 60 seconds. Borrow on 2nd protocol at 5% protocol.