6th June 2019 – Bankera Loans Website Is Now Live


6th june 2019 by Bankera Bankera Loans Website Is Now Live. Today, we come bearing good news for our users. Bankera Loans landing page is now live, and
the service itself will be launched within the third quarter of this year. Bankera Loans is already the third product
of Bankera’s ecosystem that will open new crypto-asset management possibilities for
our community – an opportunity to get crypto-backed loans, or, in other words, borrow money while
using crypto-assets as collateral without losing their value. In this video post, we would like to give you
a sneak peek into our upcoming service. What are crypto-backed loans? Crypto-backed loans are an alternative type
of financing that allows borrowers to place their crypto assets as collateral and receive
a loan in fiat or cryptocurrency. While the borrower’s crypto assets are taken
as collateral, they are returned upon the full repayment of the loan. Crypto-backed loans also offer clients the
possibility to get financing quickly. While traditional banks can take weeks to
approve loans due to their stringent rules regarding customer’s creditworthiness and
loan history, crypto-backed loans are issued nearly instantaneously as “trust” in the
system is established by backing each loan with crypto assets. These and more advantages make crypto-backed
loans an efficient upgrade to the traditional ones and is a step further towards the future
of finance management. What to consider before taking a crypto-backed
loan? Crypto-backed loans work by users placing
a crypto asset collateral and getting a loan, typically 25-75% of the value of the collateral. This variable is called the Loan-to-Value
(LTV) ratio. If the value of the collateral falls, users
are requested to either repay a part of the loan or increase the collateral. Such measure is taken to avoid the collateral
being liquidated in order to cover the loan amount. This extreme case of liquidation usually happens
when LTV reaches 75-90%. A very high LTV may not necessarily be a good
thing. While you will be able to get a higher loan,
it will be more likely to trigger the liquidation event in case the value of the collateral
falls. Thus, individuals or businesses interested
in taking a crypto-backed loan have to consider that there is a higher liquidation risk for
loans with a high LTV. Another essential factor in crypto-backed
loans is the Annual Percentage Rate (APR), which is the annual cost of borrowing after
including all fees. This number is a function of the amount borrowed,
the fees charged, and the duration of the loan. Users should beware that at times APR does
not include interest rate, as some services charge significant hidden fees (e.g., loan
origination). These are just some the factors to pay attention
to before deciding on a crypto-backed loan. Users should also consider loan availability
in their region, safety, loan duration, loan currencies, and repayment options to find
service that suits them best. Bankera Loans – the most efficient solution
for crypto-backed financing At Bankera, we are building the financial
infrastructure that would encompass everyday banking and the crypto economy to offer a
financial solution fit for the needs of today’s tech-driven market. With our third product – Bankera Loans,
we will be able to democratize access to core banking services for cryptocurrency holders
by providing liquidity to individuals and businesses through crypto-backed loans. After carefully analyzing the market and its
players, we are confident that Bankera Loans will offer one of the most competitive crypto-backed
loans packages in the industry: Competitive Rates
We have been following the lending rates in the market closely to offer our users attractive
borrowing conditions with no hidden fees. To make asset management simpler, interest
payments will be debited automatically from the user’s wallet on a monthly basis. Flexible Loan Repayment
Bankera Loans service will have no fixed schedule for principal repayments. Our customers will be free to choose when
and by how much to repay the loan, as long as the full amount is paid back before the
loan maturity date. Loan duration will also be flexible and can
range from 1 month to 24 months. Optimal LTV% At Bankera Loans, we will offer LTV of 25-50%,
which is a healthy balance between being able to get a higher loan amount and avoiding the
loan liquidation. After a successful loan repayment, collateral
is returned in full. Personal & Business Loans Bankera will provide loans going up to 1,000,000
EUR. The loan services will be designed to cater
for both individuals looking for microloans, as well as companies looking for more significant
financing. Global Lending Bankera Loans will initially be denominated
in Euros (more denominations to be added later), but can be withdrawn in both fiat (EUR) and
cryptocurrencies. Doing so will allow clients to access financing
globally. Clients who need fiat financing have two options. First, they can withdraw the loan in Euros
to their bank account. Second, clients without a Euro bank account
can choose to withdraw the loan in cryptocurrencies, including stablecoins, and exchange it to
fiat afterwards. Bankera Loans is also an attractive option
for clients who live in regions where bank financing is difficult to obtain, or interest
rates are high. Multi-Currency Support Bankera Loans will offer users the possibility
to receive financing in Euro (EUR), Banker (BNK), Tether (USDT), Bitcoin (BTC), Ethereum
(ETH), NEM (XEM), and Dash (DASH) currencies. Users will also be able to choose among four
of the cryptocurrencies for their collateral to enable them to customize the loans in line
with their trading portfolio. Support for more currencies will be available
in the future. Benefits for BNK Token Holders To maximize BNK token utility, BNK holders
will be able to get lower interest rates by using BNK as a currency for interest payments. Low Minimum We see a big interest from the community in
smaller crypto-backed loans. This market has been heavily under-served,
and typical loan minimums in the current market are often too high. Bankera Loans solution will offer our clients
the possibility to take a loan as low as 100 EUR so that all clients can get financing. Safe Crypto Lending Our team has been in the crypto market for
over 6 years operating SpectroCoin and keeping the funds of 1 million clients safe with multiple
layers of security. We hope this brief overview got you excited. We are definitely thrilled to be coming to
the market this year with a comprehensive and robust product. Make sure to visit Bankera Loans website and
sign up for our newsletter to follow the latest updates!

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