Cardana $CARD - Redefining Credit

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How is Cardana Better Than Traditional Lending?

2. Quick and Private

Borrowing with Cardana is quick and private. Unlike traditional loan applications, borrowers need not upload identification documents, address proofs or payslips. They do not even need to disclose their identities or the purposes of the loans.

Borrowers can finish the entire loan application in less than 1 minute, by clicking a few buttons. All borrowers need to do is to choose from the loan options and deposit the collateral.

The entire process is done online via our Cardana dApp. No branch visit is required

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How is Cardana Better Than Traditional Lending?

3. No Fees

Banks often charge establishment fees and loan service fees. To take out a home loan in Australia, Commonwealth Bank of Australia charges up to AUD 600 to 800 for upfront establishment fee and up to AUD 8 per month for loan servicing.

Other fees include additional security fees, progressive drawing fees, rate lock fee, security guarantee fee, low deposit premium, access fees, and many more.

None of these is charged at Cardana, effectively lowering borrowing costs for users of our dApp.

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How is Cardana Better Than Traditional Lending?

4. Possible To Make Money By Borrowing

Borrowers can borrow for free or even make money out of the loan if the values of their collateral, namely digital assets, increase by more than interests paid.

For example, if the interest rate is 10% p.a. and there is a 25% increment in the value of the collateral, the borrower is c.15% better off compared with selling the collateral for cash in the first place.

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How is Cardana Better Than Traditional Lending?

5. Safe

Collateral will be stabilized and converted into stable coins, such as $BUSD, as its value falls and the loan-to-value (LTV) ratio breaches the designated stabilization threshold.

As such, borrowers will be able to repay the loan and avoid unforeseen personal liabilities while lenders are meaningfully protected throughout.

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How is Cardana Better Than Traditional Lending?

6. Flexible

At Cardana, lenders can lend as little as USD 1. This is very different from traditional credit funds, which require a sizable commitment of capital.

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How is Cardana Better Than Traditional Lending?

7. Global user base

Unlike local or regional banks, our borrowers and lenders come from every part of the world. This offers diversification benefits to users and substantially increases the demand for our services.