Bank loan vs Crypto Loan – provided by Lendabit.com lending project
Below you will find an informative and illustrative infographics compiled by a team of financial experts at LendaBit.com. For your convenience, feel free to familiarize yourself with 10 fundamental differences between traditional bank loans and blockchain-based P2P loans. They are as follows:
Starting from the very inception of LendaBit.com, Alex Maznyi has become an inseparable team player by strategizing and monitoring the development of the P2P lending platform. Alex has been in the finance management and risk assessment for about 10 years and he perfectly knows that blockchain and cryptocurrencies will eventually drive out the old-fashioned financial institutions and bureaucracy.
I would love to try it me too and see if it’s working
No problem 😉
i know you dont trust anyone specially strangers like me..but hopefully.coz i dont have money rightnow i try this maybe you understand…can you let me have a loan first before i paid it back to the company..
Hello Clarissa,
Hope you are doing great.
Please, be kindly informed that it is not possible to take out a loan without collateral.
Loan service we provide is designated, primarily, for people owning crypto-assets. Basically, we give an option to “keep alive” the investment in crypto-currency when crypto-investor is in need of some funds and the opportunity we provide is to obtain a loan instead of selling crypto-assets.
Borrowing against your crypto, allows you to save potential gains from long-term holding it. If you would like to find out more on why collateral is important, welcome to our blog – https://lendabit.com/blog/importance-of-secured-loan-collateral/
Also, it should be noted that deposited collateral amount will be available for withdrawal when you repay the loan. Please, take into account that using our platform you can repay the loan at any moment suitable for you till the end of the loan term.
Moreover, we have provided a new feature recently which allows you as a borrower to reduce the collateral amount (from 50% up to 80% ratio) accordingly to personal preference.
So, using this feature you become a loan manager by regulating/adjusting collateral risk rates. You are welcome to do it by using the “Make a Loan Request” option.
If any questions arise, feel free to reach out for assistance via online chat, by email and phone +852 8198 0026, or request Customer care. And welcome to join us on Telegram.
Bank Lian vs Crypyto.Loan