• USDT / BTC 0.00007834
  • BTC / USDT 12 736.24
  • EMC / USDT 0.23
  • ETH / USDT 333.75

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)
Ether (ETH)
Bitcoin (BTC)
Emercoin (EMC)
Minimum loan amount
Minimum loan amount you are eligible to lend or apply for.
50 USDT
0.025 BTC
Maximum loan amount
Maximum loan amount available for lending or loan issuance.
200 000 USDT
535 BTC
Withdrawal and loan limits for unverified users:

Minimum loan amount
Maximum loan amount
Number of daily loan deals
Number of monthly loan deals
Unverified users have limited access to the LendaBit.com services.



50 USDT
300 USDT
1
10
Minimum term
Minimum period of time for lending or borrowing funds.
1 day
Maximum term
Maximum period of time for lending or borrowing funds.
3 years
Minimum rate
Minimum interest rate required on a loan.
0.1%
Maximum rate
Maximum interest rate required on a loan.
100%
Interest Accrual Method
Actual days are taken for monthly calculations, 360 days are taken for a full year.
Fact/360
Reference Exchange Rate
Exchange rate based on data of major market sources.
Exchange rate
Initial LTV
% ratio of loan (loan amount + interest) to value of collateral (at current exchange rate) × 100.
50%
Margin Call LTV
% of collateral coverage at which the borrower should increase collateral to reach Initial LTV.
85%
Collateral Transfer LTV
% of collateral coverage at which collateral is transferred to the lender and the loan deal is considered to be closed.
95%
Borrower's System Fee
System Fee paid by the borrower for deal processing. Charged during deal closing as a % of loan amount and paid in the cryptocurrency of collateral.
1% / 3%
Lender's System Fee
System Fee paid by the lender for deal processing. It is charged during the deal closing as a % 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 wallet 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 USDT per one transaction * / 20 USDT
Withdrawal Fee, ETH
Charged by the system for withdrawal of ETH, transfer of ETH from system wallet to user wallet.
0.5% (min. is 0.04 ETH and max. is 20 ETH)
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)
Withdrawal Fee, EMC
Charged by the system for withdrawal of EMC, transfer of EMC from system wallet to user wallet.
5 EMC per one transaction * / 20 EMC
Collateral Transfer Fee
System Fee payable by the lender, charged for transfer of collateral. Calculated as a % 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 collateral is transferred to the lender and the loan deal is considered to be closed). In case of Collateral Transfer, 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 wallet balance. If the wallet balance is not sufficient for full repayment, collateral iwill be transferred.
Loan Repayment before end of loan term
Loans are repaid from the borrower's account based on the available wallet balance. Funds remaining after repayment can be withdrawn.

*Promotional rates will apply until 01.09.2019.

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