• USDT / BTC
  • 0.00
  • BTC / USDT
  • 3 962.93
  • EMC / USDT
  • 0.30

Loan Terms and Benchmarks

Name
Short Description
Value
Loan currency
Type of cryptocurrency available for loan issuance
Tether (USDT)
Bitcoin (BTC)
Collateral currency
Cryptocurrency pledged as security for repayment of a loan
Tether (USDT)
Bitcoin (BTC)
Emercoin (EMC)
Minimum principal amount
Minimum loan amount
50.00 USDT
Maximum principal amount
Maximum loan amount
200 000.00 USDT
Withdrawal and loan limits for unverified users
Minimum loan amount
Maximum loan amount
Number of loan deals per day
Number of loan deals per month
50 USDT
300 USDT
1
10
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.
1.0% / 3%
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 reward for Referrals
A reward paid to the Referrer for referring Borrowers to LendaBit.com
20% of the System Fee received from the referred person
Lender's reward for Referrals
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 0.00100000 BTC and max is 1.00000000 BTC)
Withdrawal fee EMC
Charged by the system for withdrawal of EMC, transfer of EMC from system wallet to user wallet
5.000000 EMC per one transaction * / 20 EMC
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 01.03.2019.