Don't sell your crypto because you need cash
Deposit your crypto as collateral for an instant loan between ₦20,000 and ₦5,000,000. You can repay in 1 to 6 months.
We accept as collateral.
Crypto Backed Loan
The amount you want to borrow, how long and the cryptocurrency that is collateral
Provide account details for receiving and repaying the loan
Deposit your Bitcoin/Ethereum into a uniquely created wallet
Your deposit will trigger the release of the loan amount into your account.
We accept Bitcoin, Dash, Litecoin, ZCash, and Bitcoin Cash as collateral.
10 minutes after we receive your crypto deposit you will receive the money in your account.
We pay the loan amount into the bank account your provided during the application process.
Your crypto has to be one that we accept. We create a crypto wallet for your loan request. You will be required to deposit the crypto into this wallet. At the time you are making the loan request, you will be informed of the amount of crypto need as collateral for the amount you want to borrow
This is to make room for fluctuation in the crypto value. We have a loan-to-value (LTV) ration of 1:2 or 50%. By this it means, your collateral has to be worth twice as much as the amount you are borrowing.
You repay the interest on the loan monthly and pay the principal at the end of the loan tenure. If you borrow "principal" for 4 months, your repayment will look like this
Month 1: interest
Month 2: interest
Month 3: interest
Month 4: interest and principal
You start by taking the loan for 6 months and at the end of the 6 months you can extend the loan for up to another 6 months.
You can take as many loans as you want, at any time, so far you have collateral to cover each loan.