At the LendaBit.com website, all platform visitors can use a very manageable and easily understandable Lending Calculator. To access the tool, simply go to the main page and tap the toggle switch “For Lender.”
Now you are able to take advantage of the online calculator.
In essence, its layout is self-explanatory and does not require complex multistep arithmetic on your part.
- Enter the amount you want to lend;
- Choose the loan term.
As simple as that!
The rest of calculations will be automatically executed by Lending Calculator, namely daily rate, interest rate and interest amount.
Further, below you will see the collateral amount to secure timely repayment of the pledged loan.
Kindly note that at P2P lending platform LendaBit.com, collateral is twice the amount of a loan, thus lenders can be absolutely certain that their USDT funds are protected by collateral in case of non-repayment of the loan (or loan default).
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.