Bankera Loans aims to democratize access to core banking services for all cryptocurrency market participants by providing flexible loan solutions suited to both individuals and businesses.
“We see a big interest from the community in smaller crypto-backed loans. This market has been heavily underserved, and typical loan minimums in the current market are often too high. Bankera Loans solution offers our clients the possibility to take a loan as low as 100 EUR so that all clients can obtain the financing they need”, Bankera’s co-founder Vytautas Karalevičius explained.
The solution also welcomes business clients looking to utilize their crypto assets to get quick financing for leveraging positions, expanding the business, and more.
How does the lending process at Bankera Loans work?
Taking out a loan at Bankera is a simple process. After completing a quick sign-up, the customer should deposit assets to Bankera Loans wallet that can be later used as collateral; then the customer can personalize the loan terms by choosing a preferred loan amount, loan duration, as well as withdrawal and collateral currencies. As soon as the application is approved, the client will receive a loan to the Bankera Loans account.
Bankera Loans customers can choose among a number of major fiat or cryptocurrencies for withdrawing their crypto-backed loans. Currently, the platform supports Euro (EUR), Banker (BNK), Tether (USDT), Bitcoin (BTC), Ethereum (ETH), NEM (XEM), and Dash (DASH) currencies with more to be added in the future. Bankera’s own Banker (BNK) token holders can take advantage of lower interest rates by choosing BNK as the currency for interest payments.
Having analyzed the market carefully, the company offers competitive rates and no hidden fees. Repayments are possible at any time while interest payments are debited automatically every month from the client’s loans wallet.
Bankera Loans is already the third product within Bankera’s ecosystem, following the company’s first solution – the cryptocurrency brokerage SpectroCoin, which was released back in 2013, has now reached one million customers. In addition, the peer-to-peer cryptocurrency trading platform Bankera Exchange had launched at the beginning of this year.
About Bankera
Bankera aims to become the bank for the blockchain era and is actively working to build an ecosystem of products and services that would encompass the best of both traditional finance and crypto economy.
Bankera’s digital bank will offer financial services such as savings and loans accounts, low-cost investment products, and crypto funds. This essentially merges the banking and blockchain worlds together.
Learn more about Bankera Loans: https://loans.bankera.com/
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