Although the idea of crypto-backed loans is not entirely new, as the flow of cryptocurrencies in 2017 encouraged an ascent in crypto dependent lending platforms, current arrangements in general, will overlook customers, who are searching for smaller loans. Bankera Loans hopes to democratize access to important financial services for all cryptocurrency market members by delivering flexible loan solutions that are suited to people and organizations.
The announcement from Bankera, which is building the bank for the blockchain generation, with its talented team, has reported the arrival of its latest lending solution for financial services, Bankera Loans. Further, the solution planned to give flexible and secure crypto lending to global cryptocurrency holders ranging from a minimum of 100 EUR and extended up to 1M EUR.
Besides, Bankera Loans represent as an elective mode for the owners of cryptocurrency who need fast financing, yet would prefer not to liquidate their resources. Furthermore, the solution provides customers with feasibility to apply for loans by pledging digital currencies as security and holding ownership for their resources.
Vytautas Karalevičius, Bankera’s co-founder, explained,
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.
Additionally, the solution invites business customers hoping to use their crypto resources to get quick financing for leveraging positions, growing the business, and few more. Moreover, in July, Bankera declared the official launch of Bankera Loans service. Their new solution plans to give secure and flexible crypto-related loans to global cryptocurrency holders.
Precisely, Bankera intends to turn into the bank for the blockchain era and is effectively attempting to build an ecosystem of services and products that would incorporate the best of both traditional money and crypto economy. Besides, Bankera’s digital bank will offer financial services like loan and savings accounts, crypto funds, and low-cost investment products. This blends the banking and blockchain domains.
Applying for a new loan at Bankera is a straightforward procedure. After finishing a sign-up, the client needs to deposit assets to Bankera Loans wallet that can be later be utilized as collateral; then, the client can customize the loan terms by picking a preferred loan amount, duration of the loan, and withdrawal and collateral currencies. When the application is endorsed, the customer will get a loan to the Bankera Loans account.
Nevertheless, Bankera Loan clients can pick among various major fiat or digital currencies for withdrawing their crypto-supported loans. Presently, the platform supports Euro (EUR), Tether (USDT), Banker (BNK), Ethereum (ETH), NEM (XEM), Bitcoin (BTC), and (DASH) currencies and more to be added shortly in future. Also, Bankera’s very own Banker (BNK) token holders can exploit lower financing costs by picking BNK as the currency for paying interest payments.
Over and above, having researched the market cautiously, the organization offers competitive rates with no hidden expenses. Regardless, the repayments can be made anytime, while interest payments are debited consistently from the customer’s loan wallet.
Bankera Loans is now the third product within the Bankera’s Ecosystem, following the organization’s first solution, SpectroCoin, the cryptocurrency brokerage, which was launched in 2013, has now arrived at one million clients. Moreover, the P2P cryptocurrency trading platform Bankera Exchange had been introduced early this year. SpectroCoin is an all-in-one solution for cryptocurrencies and to know more about the platform, you can walk through our Spectrocoin Reviews.