Greetings to all fellow hodlers,
Introducing new loan service: Whaleloan
We are a team behind
lending platform that earns interest to your cryptocurrencies and previously founded a
peer-to-peer lending site.
Now we are soon launching site where you can get fiat loan using your cryptocurrencies as collateral. Before official launch, we would ask for some feedback our idea and also make you a special offer: first loans with 50% discount.
Key facts:| Loan amount | $1.000-$100.000 |
| Loan type | bullet |
| Loan duration | 12 months (renewal possible) |
| Interest rate | 7% per anno |
| Collateral | BTC or ETH (others can be negotiated separately) |
| Collateral required | 50% of the fiat loan value |
| Liquidation | when collateral ≤110% of fiat value |
Repayment: after 12 months, whole capital and interest rate is paid back.
No fees on early repayments.
Also no other borrowing fees.
Example loan| Amount | $10.000 |
| Collateral | 5 BTC @ 4000 BTC/USD |
| Loan start date | 1st Dec 2018 |
| Loan end date | 1st Dec 2019 |
| Interest | $700 |
| Total repaid | $10.700 |
Terms can be found
here.Our new site launches in the beginning of next week, will be announcing it here.
-
Tuomas from Whaleloan
