• BTC / USDT
  • 3 225.69

Loan terms and benchmarks

Name Short description Value
Minimum principal amount Minimum loan amount 100.00 USDT
Maximum principal amount Maximum loan amount 200 000.00 USDT
Minimum term Minimum loan term 1 day
Maximum term Maximum loan term 3 years
Minimum rate Minimum interest rate 0.1%
Maximum rate Maximum interest rate 100%
Interest accrual method Actual days are taken for month calculations, 360 days are taken for full year fact/360
Reference exchange rate Exchange rate based on data of major market sources Exchange rate
Initial LTV % ratio of loan (principal + interest) to value of collateral, at current exchange rate 50%
Margin Call LTV % of collateral coverage at which the borrower should increase collateral to reach Initial LTV 70%
Collateral transfer LTV % of collateral coverage at which the collateral is transferred to the lender and the loan deal is considered to be closed 85%
Borrower's System Fee System fee paid by the borrower for deal processing. Charged during deal closing as percentage of loan amount and paid in the cryptocurrency of the collateral. if principal amount (in USDT)*
less than 2 500: 3% / 5%
2 500.01 – 10 000.00: 2% / 3.5%
10 000.01 – 50 000.00: 1% / 2%
more than 50 000: 0.5% / 1%
Lender's System Fee System Fee paid by the lender for deal processing. It’s charged during the deal closing as a percentage of loan amount. When a loan offer is generated or lender participates in the loan offers pool, the system reserves the deal amount and the System Fee amount from the Lender’s balance. 0.5% / 1%
Borrower's referral reward A reward paid to the Referrer for referring Borrowers to LendaBit.com 20% of the System Fee received from the referred person
Lender's referral reward A reward paid to the Referrer for referring Lenders to LendaBit.com 20% of the System Fee received from the referred person
Withdrawal fee USDT Charged by the system for withdrawal of USDT, transfer of USDT from system wallet to user wallet 5.00 USDT per one transaction * / 20 USDT
Withdrawal fee BTC Charged by the system for withdrawal of BTC, transfer of BTC from system wallet to user wallet 0.5% (min is 0.001 BTC and max is 1 BTC)
Collateral transfer fee System fee payable by the lender, charged for transfer of collateral. Calculated as percentage of the collateral transfer amount. 0.5%
Collateral transfer rules The transfer of collateral is made when the collateral value hits the level described as Collateral transfer LTV (% of collateral coverage at which the collateral is transferred to the lender and the loan deal is considered to be closed). In case of collateral transfer, the collateral will be transferred to the lender's account in full amount, about which both the borrower and the lender will be notified. The collateral transfer fee is paid by the lender.
Loan repayment at end of loan term At closing time, loans are repaid from the borrower's account based on the available balance. If the balance is not sufficient for full repayment, the collateral is transferred
Loan repayment before end of loan term Loans are repaid from the borrower's account based on the available balance. Funds remaining after repayment can be withdrawn

*Promotional rates will apply until 01.01.2019.