Loan

Loan

BNB loans.
Borrow against BNB.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is BNB?

Binance Coin is digital asset native to the Binance blockchain and launched by the Binance online exchange.

How do loans backed by BNB works

Crypto-loan brings a simplified solution for advance receivers and financers. With their digital currency serving as security, borrowers can secure loans in USDT while maintaining possession of their digital wealth. This eradicates the requirement for credit scrutiny and documentation, thus expediting and easing the process.

To lend, one can transfer their digital currency, such as BNB, into a designated account on the Cropty platform. The custodian overlooks the exchange between borrowers and lenders, ensuring their interaction is secure and omitting the need for intermediaries. Acting as a reliable interruption, they confirm that both parties' interests are safeguarded.

Given this system, borrowers attain access to money without needing to sell their digital currency assets. This marks an advantageous move during market volatility, as they can steer clear from potential losses. Additionally, the absence of credit verification makes the loan procedure further convenient.

Lenders, on the other hand, can derive profit from their digital currency investments, thanks to the interest earned on repaid loans. It's an advantageous scenario where the borrower secures a loan, and the lender profits from their participation.

On the Cropty platform, the transaction between the borrower and lender is regulated. Operations on the blockchain provide a secure experience, limiting the possibility of fraud, hence installing a secure loaning atmosphere.

BNB Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Cropty platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on BNB? Borrow usd against BNB on Cropty

The process of getting an BNB cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers BNB cryptocurrency lending services. Then, you need to provide your BNB as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that BNB cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on BNB? Borrow usd against BNB on Cropty

To authorize an BNB Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about BNB Crypto Loans

BNB lending

The practice of acquiring loans based on BNB collateral has gained significant traction, offering crypto asset owners a way to monetize their holdings. With BNB-secured loans, individuals can leverage their BNB assets for immediate cash flow without liquidating their holdings. The collateral-backed loans are guaranteed by the borrower's BNB portfolio, creating a fortified lending atmosphere. Loan seekers now have the facility to procure a BNB-backed loan and utilize the capital for various requirements, whether it's making investments, settlement of bills, or igniting a startup. This revolutionary style of leveraging BNB holdings for loans offers a fresh array of possibilities for individuals to tap into required liquidity.

BNB as a collateral

BNB and other similar tokens have emerged as favoured options in the crypto loan landscape. Platforms facilitating BNB loans grant individuals the ability to leverage their BNB holdings either for direct borrowing or to accrue interest. Such loans provide immediate funding access whilst keeping their assets intact. Not just BNB, borrowers can also gain liquidity in USD backed by BNB, offering them added financial flexibility. In essence, a borrower locks in BNB as security to then draw a loan based on its valuation. These immediate crypto-payday loans can be an expedient resolution for those aiming for rapid fund access without affecting their BNB investment portfolios.

Interest rates on loans secured by BNB.

Cropty appreciates the need for wallet-friendly interest rates. That's why our crypto-based loans come with an appealing rate of just 9%. Whether you require capital for personal or commercial needs, our competitive interest loans serve as an economic means of acquiring liquidity, saving you from selling your precious cryptocurrencies.

Our crypto-backed loans at Cropty have a special feature – a collateral system. In a scenario where a borrower fails to repay, the collateral BNB stays with Cropty, with the borrower maintaining ownership of the dispensed Tether USDT. This results in an equitably maintained loan recovery strategy, benefitting all stakeholders.

To counter the risk attached with the BNB devaluation, we at Cropty have introduced an automated liquidation system. In a situation when the collateral's worth drops below a certain limit, the loan is liquidated instantly. This foresight serves to safeguard both the lender and the borrower from potential hazards that may arise from a market tumble.

Cropty emphasizes simplicity and honesty. Users can monitor their loan status effortlessly using our intuitive platform. Lending is made flexible as borrowers can add collateral, clear loans early, or settle outstanding loans by simply paying the borrowed sum along with the accrued interest.

Looking for a crypto loan? Cropty provides instant crypto loans secured by BNB that let you receive Tether USDT. With us, you can experience a swift and expedient solution for all your fiscal requirements.

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Why choose BNB Cropty Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Cropty BNB Crypto Loan?

Cropty BNB Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Cropty, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Cropty BNB Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Cropty BNB Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Cropty will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Cropty provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Cropty Crypto Loan?

Cropty Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Cropty BNB Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Cropty as security for the repayment of your loan.

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