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Now you can get loan on your cryptocurrency holdings like bitcoin
These loans come with no specific tenure and can be repaid any time. Interest at 12-15% per annum is lower than 12-24% charged by the banks on personal loans, along with a processing fee in the range of 2-3%.
Synopsis
Some ‘crypto banks’ have started offering credit lines to people who have digital currencies. People owning cryptos such as bitcoin, ethereum or ripple can pledge their holdings with crypto banks to get loans up to 50-60% of the asset value.
Own a bitcoin? Get a loan, if you need one, without any of the hassles that involve asking a bank.
Highlights
Crypto banks are offering loans up to 50-60% of borrowers’ crypto asset value.
You can easily secure crypto loans at an interest rate of 12-15% per annum.
If you own a bitcoin or any other cryptocurrency then we have good news for you. Bitcoin investors can now secure hassle free loans without any involvement of traditional banks with the help of ‘crypto banks’ that have been recently launched in India.
Crypto banks are offering loans up to 50-60% of borrowers’ crypto asset value. Besides bitcoin, these banks are also providing loans on investments in ethereum or ripple or a few other crypto investments.
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